First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV) Shares Shorted: Short Interest Up 143.2% in September

First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totaling 13,788 shares, an increase of 143.2% from the August 31st total of 5,670 shares. Based on an average daily trading volume, of 44,153 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Investors Weigh In On First Trust Dorsey Wright International Focus 5 ETF

Hedge funds have recently modified their holdings of the stock. Fifth Third Bancorp purchased a new position in First Trust Dorsey Wright International Focus 5 ETF in the 1st quarter valued at $73,000. D.A. Davidson & CO. acquired a new position in First Trust Dorsey Wright International Focus 5 ETF in the 1st quarter valued at $202,000. Kestra Advisory Services LLC raised its position in First Trust Dorsey Wright International Focus 5 ETF by 23.3% during the 1st quarter. Kestra Advisory Services LLC now owns 23,235 shares of the company’s stock worth $587,000 after buying an additional 4,387 shares during the last quarter. Royal Bank of Canada raised its position in First Trust Dorsey Wright International Focus 5 ETF by 126.9% during the 1st quarter. Royal Bank of Canada now owns 28,681 shares of the company’s stock worth $725,000 after buying an additional 16,040 shares during the last quarter. Finally, Rockefeller Capital Management L.P. lifted its stake in shares of First Trust Dorsey Wright International Focus 5 ETF by 2.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 43,584 shares of the company’s stock worth $1,082,000 after acquiring an additional 936 shares during the period.

First Trust Dorsey Wright International Focus 5 ETF Stock Up 0.7%

IFV stock traded up $0.19 during trading on Friday, hitting $25.37. The company had a trading volume of 7,806 shares, compared to its average volume of 57,288. The firm has a 50-day moving average price of $25.81 and a 200-day moving average price of $26.44. The firm has a market cap of $221.95 million, a PE ratio of 13.24 and a beta of 0.76. First Trust Dorsey Wright International Focus 5 ETF has a 1-year low of $23.19 and a 1-year high of $28.70.

First Trust Dorsey Wright International Focus 5 ETF Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th will be paid a $0.0940 dividend. This is a decrease from First Trust Dorsey Wright International Focus 5 ETF’s previous quarterly dividend of $0.2505. The ex-dividend date is Thursday, September 24th. This represents a $0.38 annualized dividend and a dividend yield of 1.5%.

First Trust Dorsey Wright International Focus 5 ETF Company Profile

The First Trust Dorsey Wright International Focus 5 ETF (IFV) is an exchange-traded fund that mostly invests in total market equity. The fund is an ETF-of-ETFs that tracks a momentum-driven, country\u002Fregion rotation index of international equities. The index is equal-weighted. IFV was launched on Jul 22, 2014 and is managed by First Trust.