First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Short Interest Down 42.5% in July

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) was the recipient of a large drop in short interest during the month of July. As of July 15th, there was short interest totaling 13,540 shares, a drop of 42.5% from the June 30th total of 23,559 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 70,792 shares, the days-to-cover ratio is currently 0.2 days.

First Trust Dorsey Wright Focus 5 ETF Stock Up 1.7%

NASDAQ:FV traded up $1.17 during mid-day trading on Thursday, hitting $69.87. 41,165 shares of the stock traded hands, compared to its average volume of 111,553. The stock has a market capitalization of $3.63 billion, a price-to-earnings ratio of 19.48 and a beta of 1.08. First Trust Dorsey Wright Focus 5 ETF has a 52 week low of $58.33 and a 52 week high of $76.08. The firm’s 50 day moving average is $72.12 and its two-hundred day moving average is $67.50.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

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

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

Several hedge funds and other institutional investors have recently modified their holdings of FV. Benjamin Edwards Inc. boosted its holdings in First Trust Dorsey Wright Focus 5 ETF by 0.9% during the 2nd quarter. Benjamin Edwards Inc. now owns 18,831 shares of the company’s stock valued at $1,116,000 after acquiring an additional 177 shares during the period. Ausdal Financial Partners Inc. increased its position in shares of First Trust Dorsey Wright Focus 5 ETF by 3.3% during the second quarter. Ausdal Financial Partners Inc. now owns 7,655 shares of the company’s stock worth $454,000 after acquiring an additional 244 shares during the period. SkyOak Wealth LLC increased its position in shares of First Trust Dorsey Wright Focus 5 ETF by 0.3% during the first quarter. SkyOak Wealth LLC now owns 107,748 shares of the company’s stock worth $6,512,000 after acquiring an additional 297 shares during the period. Clark Capital Management Group Inc. raised its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 1.4% during the fourth quarter. Clark Capital Management Group Inc. now owns 21,648 shares of the company’s stock valued at $1,362,000 after acquiring an additional 305 shares in the last quarter. Finally, Topsail Wealth Management LLC raised its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 2.1% during the first quarter. Topsail Wealth Management LLC now owns 15,622 shares of the company’s stock valued at $944,000 after acquiring an additional 328 shares in the last quarter.

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.