First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Short Interest Down 58.2% in March

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) saw a large drop in short interest during the month of March. As of March 15th, there was short interest totalling 9,200 shares, a drop of 58.2% from the February 28th total of 22,000 shares. Based on an average daily volume of 131,800 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the shares of the company are short sold.

First Trust Dorsey Wright Focus 5 ETF Stock Down 2.4 %

FV traded down $1.37 on Friday, hitting $54.78. 73,826 shares of the company traded hands, compared to its average volume of 109,559. The company has a 50 day moving average of $59.43 and a 200-day moving average of $59.43. First Trust Dorsey Wright Focus 5 ETF has a 12-month low of $49.73 and a 12-month high of $63.09. The stock has a market capitalization of $3.53 billion, a PE ratio of 18.97 and a beta of 1.07.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be given a dividend of $0.0618 per share. This is a positive change from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.02. This represents a $0.25 annualized dividend and a dividend yield of 0.45%. The ex-dividend date is Thursday, March 27th.

Hedge Funds Weigh In On First Trust Dorsey Wright Focus 5 ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Townsquare Capital LLC increased its position in shares of First Trust Dorsey Wright Focus 5 ETF by 3.0% in the fourth quarter. Townsquare Capital LLC now owns 5,606 shares of the company’s stock valued at $331,000 after buying an additional 165 shares in the last quarter. Cascade Investment Group Inc. increased its holdings in First Trust Dorsey Wright Focus 5 ETF by 1.1% during the 4th quarter. Cascade Investment Group Inc. now owns 17,535 shares of the company’s stock valued at $1,036,000 after acquiring an additional 192 shares in the last quarter. Allworth Financial LP raised its position in First Trust Dorsey Wright Focus 5 ETF by 1.1% during the fourth quarter. Allworth Financial LP now owns 17,907 shares of the company’s stock worth $1,110,000 after acquiring an additional 200 shares during the last quarter. Apollon Wealth Management LLC lifted its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 0.3% in the fourth quarter. Apollon Wealth Management LLC now owns 77,732 shares of the company’s stock valued at $4,591,000 after purchasing an additional 210 shares in the last quarter. Finally, Thoroughbred Financial Services LLC grew its position in shares of First Trust Dorsey Wright Focus 5 ETF by 2.7% in the fourth quarter. Thoroughbred Financial Services LLC now owns 9,874 shares of the company’s stock valued at $583,000 after purchasing an additional 262 shares during 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.