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 large growth in short interest in July. As of July 31st, there was short interest totaling 3,335 shares, a growth of 296.6% from the July 15th total of 841 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average trading volume of 2,025 shares, the days-to-cover ratio is presently 1.6 days.

First Trust Dorsey Wright Dynamic Focus 5 ETF Trading Up 0.9%

Shares of NASDAQ FVC opened at $42.33 on Thursday. The firm has a market cap of $110.06 million, a PE ratio of 19.13 and a beta of 0.71. First Trust Dorsey Wright Dynamic Focus 5 ETF has a 1-year low of $33.81 and a 1-year high of $44.23. The company has a fifty day moving average price of $41.53 and a 200 day moving average price of $39.07.

First Trust Dorsey Wright Dynamic Focus 5 ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $0.0006 dividend. This represents a $0.00 dividend on an annualized basis and a dividend yield of 0.0%. The ex-dividend date was Thursday, June 25th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of FVC. Western Wealth Management LLC acquired a new stake in First Trust Dorsey Wright Dynamic Focus 5 ETF in the 1st quarter valued at approximately $27,000. Fifth Third Bancorp acquired a new position in First Trust Dorsey Wright Dynamic Focus 5 ETF during the 1st quarter worth approximately $90,000. NBT Bank N A NY boosted its position in First Trust Dorsey Wright Dynamic Focus 5 ETF by 30,608.3% during the 1st quarter. NBT Bank N A NY now owns 11,055 shares of the company’s stock worth $385,000 after acquiring an additional 11,019 shares during the last quarter. Jane Street Group LLC bought a new position in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF during the 4th quarter worth approximately $535,000. Finally, Kestra Advisory Services LLC grew its stake in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 21.0% during the 1st quarter. Kestra Advisory Services LLC now owns 16,024 shares of the company’s stock worth $558,000 after acquiring an additional 2,785 shares in 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.