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

First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV) was the recipient of a significant decrease in short interest in October. As of October 15th, there was short interest totaling 227 shares, a decrease of 46.2% from the September 30th total of 422 shares. Based on an average daily volume of 426 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the shares of the stock are sold short.

First Trust Horizon Managed Volatility Developed International ETF Stock Up 0.6%

HDMV traded up $0.22 during midday trading on Monday, reaching $37.85. 209 shares of the company’s stock were exchanged, compared to its average volume of 1,770. The firm has a market capitalization of $15.14 million, a price-to-earnings ratio of 16.77 and a beta of 0.45. First Trust Horizon Managed Volatility Developed International ETF has a one year low of $34.27 and a one year high of $39.53. The business has a 50-day simple moving average of $37.38 and a two-hundred day simple moving average of $37.59.

Hedge Funds Weigh In On First Trust Horizon Managed Volatility Developed International ETF

A number of hedge funds have recently modified their holdings of HDMV. Citadel Advisors LLC lifted its position in shares of First Trust Horizon Managed Volatility Developed International ETF by 5.3% during the 2nd quarter. Citadel Advisors LLC now owns 36,932 shares of the company’s stock worth $1,367,000 after buying an additional 1,851 shares during the period. Ascentis Independent Advisors raised its stake in First Trust Horizon Managed Volatility Developed International ETF by 119.5% during the first quarter. Ascentis Independent Advisors now owns 35,619 shares of the company’s stock worth $1,311,000 after acquiring an additional 19,392 shares in the last quarter. Finally, Independent Financial Group LLC acquired a new position in First Trust Horizon Managed Volatility Developed International ETF during the first quarter worth $449,000.

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.