Short Interest in First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) Drops By 59.1%

First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) was the target of a significant decline in short interest in the month of August. As of August 14th, there was short interest totaling 871 shares, a decline of 59.1% from the July 30th total of 2,128 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 8,786 shares, the short-interest ratio is currently 0.1 days.

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

Several institutional investors have recently made changes to their positions in the business. Osaic Holdings Inc. lifted its stake in First Trust Horizon Managed Volatility Small/Mid ETF by 226.3% during the second quarter. Osaic Holdings Inc. now owns 5,224 shares of the company’s stock worth $187,000 after purchasing an additional 3,623 shares during the period. Two Sigma Investments LP bought a new position in shares of First Trust Horizon Managed Volatility Small/Mid ETF during the 3rd quarter worth approximately $263,000. Principal Securities Inc. boosted its stake in First Trust Horizon Managed Volatility Small/Mid ETF by 10.1% in the 4th quarter. Principal Securities Inc. now owns 15,488 shares of the company’s stock valued at $552,000 after buying an additional 1,419 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in First Trust Horizon Managed Volatility Small/Mid ETF by 595.4% in the 4th 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 in the last quarter. Finally, Bank of New York Mellon Corp grew its position in First Trust Horizon Managed Volatility Small/Mid ETF by 4.6% in the first quarter. Bank of New York Mellon Corp now owns 143,413 shares of the company’s stock valued at $5,187,000 after acquiring an additional 6,290 shares during the period.

First Trust Horizon Managed Volatility Small/Mid ETF Trading Down 0.1%

HSMV stock traded down $0.05 during midday trading on Friday, hitting $38.64. The stock had a trading volume of 3,308 shares, compared to its average volume of 9,419. First Trust Horizon Managed Volatility Small/Mid ETF has a 52 week low of $35.00 and a 52 week high of $39.82. The stock has a 50-day simple moving average of $38.87 and a 200 day simple moving average of $37.86. The firm has a market capitalization of $34.78 million, a price-to-earnings ratio of 17.07 and a beta of 0.73.

About First Trust Horizon Managed Volatility Small/Mid ETF

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.