First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV) Sees Significant Drop in Short Interest

First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV) was the recipient of a significant drop in short interest in October. As of October 15th, there was short interest totaling 5,315 shares, a drop of 60.3% from the September 30th total of 13,404 shares. Based on an average daily volume of 21,723 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

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

Several hedge funds have recently bought and sold shares of the business. Vise Technologies Inc. bought a new position in shares of First Trust Dorsey Wright International Focus 5 ETF during the 3rd quarter worth approximately $270,000. Morey & Quinn Wealth Partners LLC boosted its stake in First Trust Dorsey Wright International Focus 5 ETF by 9.2% during the 3rd quarter. Morey & Quinn Wealth Partners LLC now owns 8,913 shares of the company’s stock valued at $221,000 after purchasing an additional 753 shares during the last quarter. Trueblood Wealth Management LLC lifted its holdings in shares of First Trust Dorsey Wright International Focus 5 ETF by 1.5% in the third quarter. Trueblood Wealth Management LLC now owns 100,122 shares of the company’s stock worth $2,484,000 after buying an additional 1,444 shares in the last quarter. Genesee Capital Advisors LLC purchased a new position in First Trust Dorsey Wright International Focus 5 ETF in the third quarter worth $2,316,000. Finally, NewEdge Advisors LLC lifted its position in shares of First Trust Dorsey Wright International Focus 5 ETF by 1.4% in the 2nd quarter. NewEdge Advisors LLC now owns 793,139 shares of the company’s stock worth $21,361,000 after purchasing an additional 10,570 shares during the period.

First Trust Dorsey Wright International Focus 5 ETF Trading Up 0.5%

NASDAQ:IFV opened at $23.94 on Thursday. The firm has a fifty day simple moving average of $25.17 and a 200-day simple moving average of $26.26. The company has a market capitalization of $210.67 million, a P/E ratio of 13.24 and a beta of 0.76. First Trust Dorsey Wright International Focus 5 ETF has a 12 month low of $23.19 and a 12 month high of $28.70.

First Trust Dorsey Wright International Focus 5 ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were paid a dividend of $0.0940 per share. This is a negative change from First Trust Dorsey Wright International Focus 5 ETF’s previous quarterly dividend of $0.2505. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 1.6%.

First Trust Dorsey Wright International Focus 5 ETF Company Profile

The First Trust Dorsey Wright International Focus 5 ETF (IFV) is an exchange-traded fund that mostly invests in total market equity. The fund is an ETF-of-ETFs that tracks a momentum-driven, country\u002Fregion rotation index of international equities. The index is equal-weighted. IFV was launched on Jul 22, 2014 and is managed by First Trust.