First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Sees Significant Growth in Short Interest

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) was the recipient of a large increase in short interest in January. As of January 31st, there was short interest totalling 94,600 shares, an increase of 81.2% from the January 15th total of 52,200 shares. Based on an average daily volume of 104,700 shares, the days-to-cover ratio is currently 0.9 days.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Crews Bank & Trust acquired a new position in First Trust Dorsey Wright Focus 5 ETF during the 4th quarter valued at approximately $27,000. Wilmington Savings Fund Society FSB acquired a new position in First Trust Dorsey Wright Focus 5 ETF during the 3rd quarter valued at approximately $29,000. Grove Bank & Trust acquired a new position in First Trust Dorsey Wright Focus 5 ETF during the 4th quarter valued at approximately $30,000. South Plains Financial Inc. acquired a new position in First Trust Dorsey Wright Focus 5 ETF during the 4th quarter valued at approximately $44,000. Finally, Truvestments Capital LLC acquired a new position in First Trust Dorsey Wright Focus 5 ETF during the 3rd quarter valued at approximately $45,000.

First Trust Dorsey Wright Focus 5 ETF Trading Up 0.2 %

NASDAQ FV traded up $0.10 during mid-day trading on Friday, reaching $62.53. 60,358 shares of the company’s stock traded hands, compared to its average volume of 117,462. First Trust Dorsey Wright Focus 5 ETF has a 1-year low of $49.73 and a 1-year high of $63.09. The company has a fifty day simple moving average of $60.93 and a 200-day simple moving average of $58.85. The company has a market cap of $4.03 billion, a price-to-earnings ratio of 16.50 and a beta of 1.07.

First Trust Dorsey Wright Focus 5 ETF Announces Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were given a $0.0386 dividend. The ex-dividend date of this dividend was Friday, December 13th.

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.