First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV) Sees Significant Decrease in Short Interest

First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV) saw a large decrease in short interest in March. As of March 13th, there was short interest totaling 105 shares, a decrease of 83.8% from the February 26th total of 647 shares. Based on an average daily trading volume, of 862 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 862 shares, the short-interest ratio is presently 0.1 days.

First Trust Horizon Managed Volatility Developed International ETF Price Performance

First Trust Horizon Managed Volatility Developed International ETF stock traded up $0.36 during midday trading on Wednesday, reaching $36.39. The company’s stock had a trading volume of 223 shares, compared to its average volume of 4,371. The stock has a market capitalization of $16.38 million, a P/E ratio of 16.77 and a beta of 0.51. The stock’s 50-day simple moving average is $37.36 and its 200-day simple moving average is $35.89. First Trust Horizon Managed Volatility Developed International ETF has a 52-week low of $29.93 and a 52-week high of $39.22.

Hedge Funds Weigh In On First Trust Horizon Managed Volatility Developed International ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Osaic Holdings Inc. increased its stake in shares of First Trust Horizon Managed Volatility Developed International ETF by 0.6% in the fourth quarter. Osaic Holdings Inc. now owns 61,513 shares of the company’s stock worth $2,174,000 after acquiring an additional 363 shares during the period. Envestnet Asset Management Inc. raised its holdings in shares of First Trust Horizon Managed Volatility Developed International ETF by 17.5% during the third quarter. Envestnet Asset Management Inc. now owns 9,137 shares of the company’s stock worth $317,000 after purchasing an additional 1,364 shares during the last quarter. Raymond James Financial Inc. acquired a new position in First Trust Horizon Managed Volatility Developed International ETF during the second quarter valued at $83,000. Jane Street Group LLC lifted its position in First Trust Horizon Managed Volatility Developed International ETF by 15.7% during the fourth quarter. Jane Street Group LLC now owns 34,123 shares of the company’s stock valued at $1,206,000 after purchasing an additional 4,619 shares during the period. Finally, Lido Advisors LLC purchased a new stake in First Trust Horizon Managed Volatility Developed International ETF in the fourth quarter valued at $248,000.

About First Trust Horizon Managed Volatility Developed International ETF

The First Trust Horizon Managed Volatility Developed International ETF (HDMV) is an exchange-traded fund that is based on the MSCI EAFE Minimum Volatility index. The fund is an actively-managed fund of low expected volatility mid and large-cap stocks from developed markets. HDMV was launched on Aug 24, 2016 and is managed by First Trust.