First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) Short Interest Update

First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 4,739 shares, an increase of 449.1% from the May 31st total of 863 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average trading volume of 1,924 shares, the short-interest ratio is currently 2.5 days.

First Trust Horizon Managed Volatility Small/Mid ETF Price Performance

First Trust Horizon Managed Volatility Small/Mid ETF stock traded up $0.24 during trading hours on Friday, reaching $38.38. The company had a trading volume of 1,660 shares, compared to its average volume of 2,218. First Trust Horizon Managed Volatility Small/Mid ETF has a 12-month low of $35.00 and a 12-month high of $38.47. The company has a 50-day moving average price of $37.47 and a 200 day moving average price of $37.03. The firm has a market cap of $30.70 million, a price-to-earnings ratio of 17.07 and a beta of 0.74.

Institutional Investors Weigh In On First Trust Horizon Managed Volatility Small/Mid ETF

Several institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers grew its holdings in First Trust Horizon Managed Volatility Small/Mid ETF by 5.2% in the 1st quarter. Cetera Investment Advisers now owns 184,609 shares of the company’s stock worth $6,677,000 after acquiring an additional 9,132 shares during the last quarter. LPL Financial LLC raised its stake in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 7.5% during the fourth quarter. LPL Financial LLC now owns 163,070 shares of the company’s stock valued at $5,813,000 after acquiring an additional 11,402 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 4.6% during the first quarter. Bank of New York Mellon Corp now owns 143,413 shares of the company’s stock valued at $5,187,000 after acquiring an additional 6,290 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 595.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 37,863 shares of the company’s stock worth $1,350,000 after purchasing an additional 32,418 shares during the period. Finally, Principal Securities Inc. boosted its holdings in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 10.1% during the fourth quarter. Principal Securities Inc. now owns 15,488 shares of the company’s stock worth $552,000 after purchasing an additional 1,419 shares during the period.

About First Trust Horizon Managed Volatility Small/Mid ETF

The First Trust Horizon Managed Volatility Small\u002FMid ETF (HSMV) is an exchange-traded fund that mostly invests in extended market equity. The fund is an active fund of small- and mid-cap US stocks selected based on volatility forecast. HSMV was launched on Apr 6, 2020 and is managed by First Trust.