First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV) Sees Large Drop in Short Interest

First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 190 shares, a decline of 70.4% from the May 31st total of 642 shares. Based on an average daily volume of 332 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Investors Weigh In On First Trust Horizon Managed Volatility Developed International ETF

A number of institutional investors have recently bought and sold shares of HDMV. Raymond James Financial Inc. purchased a new position in First Trust Horizon Managed Volatility Developed International ETF during the 2nd quarter valued at about $83,000. Lido Advisors LLC acquired a new stake in shares of First Trust Horizon Managed Volatility Developed International ETF during the fourth quarter worth approximately $248,000. Envestnet Asset Management Inc. boosted its holdings in shares of First Trust Horizon Managed Volatility Developed International ETF by 17.5% during the third quarter. Envestnet Asset Management Inc. now owns 9,137 shares of the company’s stock worth $317,000 after purchasing an additional 1,364 shares during the period. Independent Financial Group LLC purchased a new position in First Trust Horizon Managed Volatility Developed International ETF during the first quarter valued at approximately $449,000. Finally, Jane Street Group LLC purchased a new position in First Trust Horizon Managed Volatility Developed International ETF during the second quarter valued at approximately $863,000.

First Trust Horizon Managed Volatility Developed International ETF Stock Up 0.4%

Shares of First Trust Horizon Managed Volatility Developed International ETF stock traded up $0.14 during midday trading on Friday, hitting $37.04. The company’s stock had a trading volume of 433 shares, compared to its average volume of 2,533. The firm has a market capitalization of $16.67 million, a P/E ratio of 16.77 and a beta of 0.46. The stock has a 50-day simple moving average of $37.49 and a 200-day simple moving average of $37.01. First Trust Horizon Managed Volatility Developed International ETF has a 1-year low of $34.12 and a 1-year high of $39.22.

First Trust Horizon Managed Volatility Developed International ETF Company Profile

The First Trust Horizon Managed Volatility Developed International ETF (HDMV) is an exchange-traded fund that is based on the MSCI EAFE Minimum Volatility index. The fund is an actively-managed fund of low expected volatility mid and large-cap stocks from developed markets. HDMV was launched on Aug 24, 2016 and is managed by First Trust.