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

First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV) was the target of a large growth in short interest in September. As of September 15th, there was short interest totaling 13,788 shares, a growth of 143.2% from the August 31st total of 5,670 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 44,153 shares, the days-to-cover ratio is presently 0.3 days.

First Trust Dorsey Wright International Focus 5 ETF Price Performance

IFV traded down $0.16 during mid-day trading on Monday, hitting $25.21. The stock had a trading volume of 5,521 shares, compared to its average volume of 57,007. First Trust Dorsey Wright International Focus 5 ETF has a 1-year low of $23.19 and a 1-year high of $28.70. The firm has a market capitalization of $220.59 million, a price-to-earnings ratio of 13.24 and a beta of 0.76. The stock’s fifty day simple moving average is $25.81 and its 200-day simple moving average is $26.44.

First Trust Dorsey Wright International Focus 5 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th will be issued a $0.0940 dividend. The ex-dividend date of this dividend is Thursday, September 24th. This represents a $0.38 annualized dividend and a yield of 1.5%. This is a decrease from First Trust Dorsey Wright International Focus 5 ETF’s previous quarterly dividend of $0.2505.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in IFV. NewEdge Advisors LLC raised its stake in shares of First Trust Dorsey Wright International Focus 5 ETF by 1.4% in the second quarter. NewEdge Advisors LLC now owns 793,139 shares of the company’s stock worth $21,361,000 after purchasing an additional 10,570 shares during the last quarter. Concurrent Investment Advisors LLC bought a new position in First Trust Dorsey Wright International Focus 5 ETF during the second quarter valued at $32,723,000. Bank of America Corp DE increased its position in First Trust Dorsey Wright International Focus 5 ETF by 9.4% in the first quarter. Bank of America Corp DE now owns 314,659 shares of the company’s stock worth $7,951,000 after buying an additional 26,919 shares during the last quarter. Royal Bank of Canada raised its stake in shares of First Trust Dorsey Wright International Focus 5 ETF by 126.9% in the first quarter. Royal Bank of Canada now owns 28,681 shares of the company’s stock valued at $725,000 after buying an additional 16,040 shares during the period. Finally, Cetera Investment Advisers raised its stake in shares of First Trust Dorsey Wright International Focus 5 ETF by 19.5% in the first quarter. Cetera Investment Advisers now owns 71,721 shares of the company’s stock valued at $1,812,000 after buying an additional 11,706 shares during the period.

First Trust Dorsey Wright International Focus 5 ETF Company Profile

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.