First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Short Interest Down 33.6% in August

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) was the recipient of a large drop in short interest during the month of August. As of August 31st, there was short interest totaling 55,273 shares, a drop of 33.6% from the August 15th total of 83,242 shares. Based on an average daily trading volume, of 46,984 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.1% of the company’s shares are sold short.

First Trust Dorsey Wright Focus 5 ETF Trading Down 0.6%

FV traded down $0.45 during trading on Friday, reaching $72.41. The stock had a trading volume of 17,782 shares, compared to its average volume of 103,528. The stock’s 50 day moving average is $72.05 and its two-hundred day moving average is $69.14. The company has a market capitalization of $3.76 billion, a price-to-earnings ratio of 19.48 and a beta of 1.09. First Trust Dorsey Wright Focus 5 ETF has a one year low of $58.33 and a one year high of $76.08.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.0761 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.30 annualized dividend and a yield of 0.4%. This is a positive change from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.05.

Institutional Investors Weigh In On First Trust Dorsey Wright Focus 5 ETF

A number of hedge funds have recently made changes to their positions in FV. Worthington Financial Partners LLC purchased a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the 4th quarter valued at approximately $709,000. Forty three Eighteen Advisors LLC purchased a new position in First Trust Dorsey Wright Focus 5 ETF in the fourth quarter worth approximately $1,382,000. Quantinno Capital Management LP increased its stake in First Trust Dorsey Wright Focus 5 ETF by 86.9% during the first quarter. Quantinno Capital Management LP now owns 17,375 shares of the company’s stock worth $1,050,000 after acquiring an additional 8,081 shares during the last quarter. Corient Private Wealth LLC purchased a new position in shares of First Trust Dorsey Wright Focus 5 ETF during the 4th quarter worth $4,065,000. Finally, Sargent Investment Group LLC purchased a new position in shares of First Trust Dorsey Wright Focus 5 ETF during the 4th quarter worth $533,000.

First Trust Dorsey Wright Focus 5 ETF Company Profile

The First Trust Dorsey Wright Focus 5 ETF (FV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an equal-weighted index of US and global ETFs issued by First Trust. The index selects 5 ETFs based on relative price momentum. FV was launched on Mar 6, 2014 and is managed by First Trust.