First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) Short Interest Update

First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) was the target of a significant decline in short interest in September. As of September 15th, there was short interest totaling 4,565 shares, a decline of 75.3% from the August 31st total of 18,501 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 5,308 shares, the days-to-cover ratio is presently 0.9 days.

First Trust Dorsey Wright Dynamic Focus 5 ETF Price Performance

FVC stock traded up $0.23 during midday trading on Friday, hitting $42.91. The stock had a trading volume of 1,758 shares, compared to its average volume of 4,814. The firm has a market cap of $111.58 million, a PE ratio of 19.13 and a beta of 0.72. First Trust Dorsey Wright Dynamic Focus 5 ETF has a 12-month low of $33.81 and a 12-month high of $44.23. The company’s 50-day moving average price is $41.75 and its 200 day moving average price is $40.06.

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

Several large investors have recently added to or reduced their stakes in FVC. Western Wealth Management LLC purchased a new stake in First Trust Dorsey Wright Dynamic Focus 5 ETF in the 1st quarter valued at about $27,000. Integrated Wealth Concepts LLC purchased a new stake in First Trust Dorsey Wright Dynamic Focus 5 ETF in the second quarter valued at approximately $39,000. Fifth Third Bancorp acquired a new position in First Trust Dorsey Wright Dynamic Focus 5 ETF during the first quarter worth approximately $90,000. NBT Bank N A NY increased its position in First Trust Dorsey Wright Dynamic Focus 5 ETF by 30,608.3% during the first quarter. NBT Bank N A NY now owns 11,055 shares of the company’s stock worth $385,000 after purchasing an additional 11,019 shares during the last quarter. Finally, Kestra Advisory Services LLC increased its position in First Trust Dorsey Wright Dynamic Focus 5 ETF by 21.0% during the first quarter. Kestra Advisory Services LLC now owns 16,024 shares of the company’s stock worth $558,000 after purchasing an additional 2,785 shares during the last quarter.

First Trust Dorsey Wright Dynamic Focus 5 ETF Company Profile

The First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC) is an exchange-traded fund that is based on the Dorsey Wright Dynamic Focus Five index. The fund tracks an index of global sector and industry ETFs, selected by price momentum and weighted equally. The fund can also allocate to cash in varying amounts based on momentum. FVC was launched on Mar 18, 2016 and is managed by First Trust.