First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) Short Interest Down 27.1% in March

First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) saw a large drop in short interest in the month of March. As of March 13th, there was short interest totaling 794 shares, a drop of 27.1% from the February 26th total of 1,089 shares. Based on an average trading volume of 1,890 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company’s stock are sold short.

First Trust Horizon Managed Volatility Small/Mid ETF Price Performance

NYSEARCA:HSMV traded up $0.19 during mid-day trading on Monday, hitting $35.87. 585 shares of the company’s stock were exchanged, compared to its average volume of 1,690. The company has a market cap of $28.70 million, a PE ratio of 17.07 and a beta of 0.82. First Trust Horizon Managed Volatility Small/Mid ETF has a one year low of $32.22 and a one year high of $38.45. The business has a fifty day moving average price of $37.17 and a 200 day moving average price of $36.38.

Institutional Trading of First Trust Horizon Managed Volatility Small/Mid ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC raised its stake in First Trust Horizon Managed Volatility Small/Mid ETF by 595.4% during the fourth 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. Envestnet Asset Management Inc. grew its stake in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 7.9% in the third quarter. Envestnet Asset Management Inc. now owns 204,348 shares of the company’s stock worth $7,433,000 after acquiring an additional 14,902 shares during the last quarter. LPL Financial LLC increased its holdings in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 7.5% during the fourth quarter. LPL Financial LLC now owns 163,070 shares of the company’s stock valued at $5,813,000 after acquiring an additional 11,402 shares in the last quarter. Two Sigma Investments LP bought a new position in shares of First Trust Horizon Managed Volatility Small/Mid ETF during the third quarter valued at $263,000. Finally, Cetera Investment Advisers raised its position in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 2.6% in the 4th quarter. Cetera Investment Advisers now owns 175,477 shares of the company’s stock worth $6,256,000 after purchasing an additional 4,411 shares during the last quarter.

First Trust Horizon Managed Volatility Small/Mid ETF Company Profile

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.