First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) Sees Significant Decrease in Short Interest

First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) saw a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 1,089 shares, a decline of 50.0% from the February 12th total of 2,178 shares. Based on an average daily trading volume, of 2,279 shares, the short-interest ratio is presently 0.5 days. Approximately 0.1% of the company’s stock are short sold. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 2,279 shares, the short-interest ratio is presently 0.5 days.

Hedge Funds Weigh In On First Trust Horizon Managed Volatility Small/Mid ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HSMV. Osaic Holdings Inc. raised its position in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 226.3% in the second quarter. Osaic Holdings Inc. now owns 5,224 shares of the company’s stock valued at $187,000 after purchasing an additional 3,623 shares during the period. Two Sigma Investments LP acquired a new stake in shares of First Trust Horizon Managed Volatility Small/Mid ETF in the third quarter worth $263,000. Certior Financial Group LLC boosted its holdings in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 4.1% during the 3rd quarter. Certior Financial Group LLC now owns 8,024 shares of the company’s stock worth $292,000 after buying an additional 314 shares during the period. Principal Securities Inc. grew its stake in First Trust Horizon Managed Volatility Small/Mid ETF by 10.1% in the 4th quarter. Principal Securities Inc. now owns 15,488 shares of the company’s stock valued at $552,000 after buying an additional 1,419 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in First Trust Horizon Managed Volatility Small/Mid ETF by 595.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 37,863 shares of the company’s stock valued at $1,350,000 after buying an additional 32,418 shares during the last quarter.

First Trust Horizon Managed Volatility Small/Mid ETF Stock Performance

Shares of HSMV traded down $0.21 during trading hours on Thursday, hitting $36.55. 3,393 shares of the company were exchanged, compared to its average volume of 1,835. The company has a market cap of $29.24 million, a PE ratio of 17.07 and a beta of 0.82. The firm’s 50 day moving average is $37.24 and its 200-day moving average is $36.44. First Trust Horizon Managed Volatility Small/Mid ETF has a 52 week low of $32.22 and a 52 week high of $38.45.

About First Trust Horizon Managed Volatility Small/Mid ETF

The First Trust Horizon Managed Volatility Small\u002FMid ETF (HSMV) is an exchange-traded fund that mostly invests in extended market equity. The fund is an active fund of small- and mid-cap US stocks selected based on volatility forecast. HSMV was launched on Apr 6, 2020 and is managed by First Trust.