First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV) Sees Significant Drop in Short Interest

First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV) was the target of a large decrease in short interest during the month of May. As of May 15th, there was short interest totaling 12,217 shares, a decrease of 82.3% from the April 30th total of 68,870 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 25,948 shares, the days-to-cover ratio is presently 0.5 days.

First Trust Dorsey Wright International Focus 5 ETF Stock Down 0.8%

Shares of NASDAQ IFV opened at $28.03 on Thursday. The firm has a market capitalization of $250.87 million, a P/E ratio of 13.24 and a beta of 0.74. The stock’s 50-day simple moving average is $26.76 and its two-hundred day simple moving average is $26.01. First Trust Dorsey Wright International Focus 5 ETF has a twelve month low of $21.91 and a twelve month high of $28.52.

First Trust Dorsey Wright International Focus 5 ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a $0.0087 dividend. This represents a $0.03 dividend on an annualized basis and a yield of 0.1%. The ex-dividend date was Thursday, March 26th.

Hedge Funds Weigh In On First Trust Dorsey Wright International Focus 5 ETF

A number of institutional investors have recently added to or reduced their stakes in IFV. Bank of America Corp DE boosted its holdings in shares of First Trust Dorsey Wright International Focus 5 ETF by 9.4% in the 1st quarter. Bank of America Corp DE now owns 314,659 shares of the company’s stock worth $7,951,000 after purchasing an additional 26,919 shares in the last quarter. Royal Bank of Canada boosted its holdings in shares of First Trust Dorsey Wright International Focus 5 ETF by 126.9% in the 1st quarter. Royal Bank of Canada now owns 28,681 shares of the company’s stock worth $725,000 after purchasing an additional 16,040 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of First Trust Dorsey Wright International Focus 5 ETF by 19.5% in the 1st quarter. Cetera Investment Advisers now owns 71,721 shares of the company’s stock worth $1,812,000 after purchasing an additional 11,706 shares in the last quarter. D.A. Davidson & CO. purchased a new position in shares of First Trust Dorsey Wright International Focus 5 ETF in the 1st quarter worth about $202,000. Finally, Fifth Third Bancorp purchased a new position in shares of First Trust Dorsey Wright International Focus 5 ETF in the 1st quarter worth about $73,000.

About First Trust Dorsey Wright International Focus 5 ETF

The First Trust Dorsey Wright International Focus 5 ETF (IFV) is an exchange-traded fund that mostly invests in total market equity. The fund is an ETF-of-ETFs that tracks a momentum-driven, country\u002Fregion rotation index of international equities. The index is equal-weighted. IFV was launched on Jul 22, 2014 and is managed by First Trust.