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

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) was the recipient of a significant drop in short interest in January. As of January 30th, there was short interest totaling 31,266 shares, a drop of 63.8% from the January 15th total of 86,335 shares. Based on an average daily volume of 212,264 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the shares of the stock are sold short. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 212,264 shares, the days-to-cover ratio is currently 0.1 days.

First Trust Dorsey Wright Focus 5 ETF Stock Down 1.8%

NASDAQ FV traded down $1.21 during trading hours on Thursday, reaching $64.49. The company’s stock had a trading volume of 149,575 shares, compared to its average volume of 169,299. First Trust Dorsey Wright Focus 5 ETF has a 1 year low of $47.04 and a 1 year high of $68.16. The company has a market capitalization of $3.57 billion, a price-to-earnings ratio of 19.48 and a beta of 1.08. The firm’s 50-day moving average price is $64.99 and its 200-day moving average price is $62.65.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a dividend of $0.1355 per share. This is a positive change from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.10. This represents a $0.54 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Friday, December 12th.

Institutional Trading of First Trust Dorsey Wright Focus 5 ETF

Several hedge funds have recently bought and sold shares of FV. Elevated Capital Advisors LLC purchased a new position in shares of First Trust Dorsey Wright Focus 5 ETF during the fourth quarter valued at about $30,000. EPG Wealth Management LLC purchased a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the fourth quarter worth about $32,000. Asset Dedication LLC bought a new position in First Trust Dorsey Wright Focus 5 ETF during the third quarter valued at approximately $43,000. Evolution Wealth Management Inc. purchased a new position in First Trust Dorsey Wright Focus 5 ETF during the 2nd quarter valued at approximately $44,000. Finally, Burkett Financial Services LLC purchased a new position in First Trust Dorsey Wright Focus 5 ETF during the 3rd quarter valued at approximately $51,000.

First Trust Dorsey Wright Focus 5 ETF Company Profile

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.