First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Sees Significant Increase in Short Interest

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) was the recipient of a significant growth in short interest in December. As of December 15th, there was short interest totaling 94,693 shares, a growth of 40.1% from the November 30th total of 67,581 shares. Based on an average trading volume of 151,499 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the shares of the stock are short sold. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 151,499 shares, the days-to-cover ratio is presently 0.6 days.

Institutional Trading of First Trust Dorsey Wright Focus 5 ETF

Several hedge funds have recently modified their holdings of the company. CX Institutional acquired a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the 2nd quarter worth approximately $36,000. Asset Dedication LLC bought a new position in First Trust Dorsey Wright Focus 5 ETF in the 3rd quarter valued at $43,000. Evolution Wealth Management Inc. acquired a new position in First Trust Dorsey Wright Focus 5 ETF in the second quarter worth $44,000. Burkett Financial Services LLC bought a new stake in shares of First Trust Dorsey Wright Focus 5 ETF during the third quarter worth $51,000. Finally, ST Germain D J Co. Inc. bought a new stake in shares of First Trust Dorsey Wright Focus 5 ETF during the third quarter worth $56,000.

First Trust Dorsey Wright Focus 5 ETF Stock Performance

Shares of NASDAQ FV opened at $63.53 on Tuesday. First Trust Dorsey Wright Focus 5 ETF has a 52-week low of $47.04 and a 52-week high of $63.98. The business has a fifty day moving average of $61.93 and a two-hundred day moving average of $61.12. The stock has a market cap of $3.75 billion, a PE ratio of 19.48 and a beta of 1.08.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be given a $0.1355 dividend. This represents a $0.54 dividend on an annualized basis and a yield of 0.9%. This is a boost from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.10. The ex-dividend date is Friday, December 12th.

About First Trust Dorsey Wright Focus 5 ETF

The First Trust Dorsey Wright Focus 5 ETF (FV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an equal-weighted index of US and global ETFs issued by First Trust. The index selects 5 ETFs based on relative price momentum. FV was launched on Mar 6, 2014 and is managed by First Trust.