Short Interest in First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV) Rises By 80.0%

First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV) was the target of a significant increase in short interest in the month of August. As of August 31st, there was short interest totaling 279 shares, an increase of 80.0% from the August 15th total of 155 shares. Based on an average daily trading volume, of 1,058 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. Citadel Advisors LLC boosted its holdings in shares of First Trust Horizon Managed Volatility Developed International ETF by 5.3% in the 2nd quarter. Citadel Advisors LLC now owns 36,932 shares of the company’s stock worth $1,367,000 after acquiring an additional 1,851 shares in the last quarter. Independent Financial Group LLC acquired a new position in shares of First Trust Horizon Managed Volatility Developed International ETF during the first quarter valued at $449,000. Finally, Ascentis Independent Advisors boosted its holdings in First Trust Horizon Managed Volatility Developed International ETF by 119.5% in the first quarter. Ascentis Independent Advisors now owns 35,619 shares of the company’s stock valued at $1,311,000 after acquiring an additional 19,392 shares during the last quarter.

First Trust Horizon Managed Volatility Developed International ETF Trading Up 0.8%

HDMV stock traded up $0.31 during trading on Thursday, reaching $38.19. 221 shares of the stock were exchanged, compared to its average volume of 2,003. The company has a market capitalization of $381,900.00, a P/E 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. The stock has a 50 day simple moving average of $38.62 and a 200-day simple moving average of $37.80.

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.