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

First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) saw a large decline in short interest in May. As of May 29th, there was short interest totaling 2,629 shares, a decline of 35.7% from the May 14th total of 4,086 shares. Based on an average daily trading volume, of 1,351 shares, the days-to-cover ratio is currently 1.9 days. Currently, 0.1% of the shares of the stock are short sold.

First Trust Dorsey Wright Dynamic Focus 5 ETF Stock Performance

Shares of FVC stock traded up $0.06 during midday trading on Tuesday, reaching $42.55. 2,477 shares of the company were exchanged, compared to its average volume of 5,937. First Trust Dorsey Wright Dynamic Focus 5 ETF has a 12 month low of $33.81 and a 12 month high of $43.04. The company has a market cap of $114.89 million, a P/E ratio of 19.13 and a beta of 0.71. The company’s 50 day moving average price is $39.37 and its two-hundred day moving average price is $37.77.

Institutional Trading of First Trust Dorsey Wright Dynamic Focus 5 ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Raymond James Financial Inc. raised its position in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 62.0% during the 2nd quarter. Raymond James Financial Inc. now owns 348,035 shares of the company’s stock worth $12,366,000 after buying an additional 133,233 shares in the last quarter. Geneos Wealth Management Inc. raised its holdings in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 146.9% in the 2nd quarter. Geneos Wealth Management Inc. now owns 32,160 shares of the company’s stock worth $1,143,000 after purchasing an additional 19,137 shares in the last quarter. Susquehanna International Group LLP raised its holdings in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 375.6% in the 3rd quarter. Susquehanna International Group LLP now owns 28,196 shares of the company’s stock worth $1,017,000 after purchasing an additional 22,268 shares in the last quarter. Mariner LLC raised its holdings in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 4.9% in the 3rd quarter. Mariner LLC now owns 25,883 shares of the company’s stock worth $934,000 after purchasing an additional 1,213 shares in the last quarter. Finally, Osaic Holdings Inc. raised its holdings in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 36.0% in the 2nd quarter. Osaic Holdings Inc. now owns 24,423 shares of the company’s stock worth $868,000 after purchasing an additional 6,467 shares in the last quarter.

About First Trust Dorsey Wright Dynamic Focus 5 ETF

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.