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

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) was the recipient of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 151,200 shares, a growth of 59.8% from the January 31st total of 94,600 shares. Based on an average trading volume of 108,400 shares, the days-to-cover ratio is presently 1.4 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FV. LPL Financial LLC lifted its holdings in First Trust Dorsey Wright Focus 5 ETF by 6.6% in the fourth quarter. LPL Financial LLC now owns 4,465,129 shares of the company’s stock valued at $263,711,000 after buying an additional 277,315 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of First Trust Dorsey Wright Focus 5 ETF by 1.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 2,849,421 shares of the company’s stock valued at $168,287,000 after purchasing an additional 36,184 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in First Trust Dorsey Wright Focus 5 ETF during the fourth quarter worth approximately $157,260,000. Bank of America Corp DE increased its holdings in First Trust Dorsey Wright Focus 5 ETF by 0.6% in the fourth quarter. Bank of America Corp DE now owns 1,674,187 shares of the company’s stock worth $98,878,000 after purchasing an additional 9,409 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in First Trust Dorsey Wright Focus 5 ETF by 2.5% in the fourth quarter. NewEdge Advisors LLC now owns 1,017,458 shares of the company’s stock valued at $60,091,000 after buying an additional 24,439 shares during the period.

First Trust Dorsey Wright Focus 5 ETF Stock Down 1.4 %

FV traded down $0.79 during midday trading on Tuesday, hitting $57.30. 435,643 shares of the company were exchanged, compared to its average volume of 127,955. First Trust Dorsey Wright Focus 5 ETF has a 1-year low of $49.73 and a 1-year high of $63.09. The firm has a market capitalization of $3.70 billion, a P/E ratio of 18.21 and a beta of 1.11. The firm’s 50 day moving average price is $60.81 and its 200-day moving average price is $59.43.

First Trust Dorsey Wright Focus 5 ETF Dividend Announcement

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.0386 per share. The ex-dividend date was Friday, December 13th.

First Trust Dorsey Wright Focus 5 ETF Company Profile

The First Trust Dorsey Wright Focus 5 ETF (FV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an equal-weighted index of US and global ETFs issued by First Trust. The index selects 5 ETFs based on relative price momentum. FV was launched on Mar 6, 2014 and is managed by First Trust.