First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV) Short Interest Down 80.3% in August

First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 155 shares, a drop of 80.3% from the July 30th total of 786 shares. Based on an average daily volume of 1,990 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are sold short.

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

Several institutional investors have recently modified their holdings of HDMV. Raymond James Financial Inc. bought a new stake in shares of First Trust Horizon Managed Volatility Developed International ETF in the 2nd quarter valued at about $83,000. Lido Advisors LLC bought a new position in First Trust Horizon Managed Volatility Developed International ETF during the 4th quarter worth approximately $248,000. Envestnet Asset Management Inc. boosted its stake in First Trust Horizon Managed Volatility Developed International ETF by 17.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 9,137 shares of the company’s stock worth $317,000 after acquiring an additional 1,364 shares during the last quarter. Independent Financial Group LLC bought a new position in First Trust Horizon Managed Volatility Developed International ETF during the 1st quarter worth approximately $449,000. Finally, Jane Street Group LLC acquired a new position in First Trust Horizon Managed Volatility Developed International ETF during the second quarter valued at approximately $863,000.

First Trust Horizon Managed Volatility Developed International ETF Stock Down 1.0%

Shares of First Trust Horizon Managed Volatility Developed International ETF stock traded down $0.38 during trading on Wednesday, reaching $38.96. 1,977 shares of the company were exchanged, compared to its average volume of 2,135. The business has a 50-day moving average price of $38.22 and a 200-day moving average price of $37.81. The firm has a market capitalization of $17.53 million, a price-to-earnings ratio of 16.77 and a beta of 0.45. First Trust Horizon Managed Volatility Developed International ETF has a twelve month low of $34.12 and a twelve month high of $39.53.

First Trust Horizon Managed Volatility Developed International ETF Company Profile

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.