First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Short Interest Up 447.8% in March

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) was the recipient of a large increase in short interest during the month of March. As of March 31st, there was short interest totalling 50,400 shares, an increase of 447.8% from the March 15th total of 9,200 shares. Based on an average daily volume of 145,900 shares, the short-interest ratio is currently 0.3 days. Currently, 0.1% of the shares of the stock are sold short.

First Trust Dorsey Wright Focus 5 ETF Price Performance

FV stock traded up $0.50 during trading on Monday, hitting $52.33. The stock had a trading volume of 110,571 shares, compared to its average volume of 116,486. First Trust Dorsey Wright Focus 5 ETF has a twelve month low of $47.04 and a twelve month high of $63.09. The company’s 50-day moving average price is $57.02 and its two-hundred day moving average price is $59.03. The stock has a market capitalization of $3.31 billion, a P/E ratio of 16.71 and a beta of 1.07.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were given a dividend of $0.0618 per share. This represents a $0.25 annualized dividend and a dividend yield of 0.47%. This is a boost from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.02. The ex-dividend date of this dividend was Thursday, March 27th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FV. Crews Bank & Trust acquired a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the fourth quarter valued at about $27,000. Park Square Financial Group LLC purchased a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the fourth quarter valued at approximately $28,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the third quarter valued at approximately $29,000. Grove Bank & Trust purchased a new position in First Trust Dorsey Wright Focus 5 ETF during the fourth quarter worth approximately $30,000. Finally, South Plains Financial Inc. acquired a new position in First Trust Dorsey Wright Focus 5 ETF during the fourth quarter worth $44,000.

About First Trust Dorsey Wright Focus 5 ETF

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.