First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) Short Interest Up 34.2% in February

First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) saw a significant increase in short interest in the month of February. As of February 13th, there was short interest totaling 2,178 shares, an increase of 34.2% from the January 29th total of 1,623 shares. Approximately 0.3% of the company’s shares are sold short. Based on an average daily volume of 1,986 shares, the days-to-cover ratio is presently 1.1 days. Based on an average daily volume of 1,986 shares, the days-to-cover ratio is presently 1.1 days. Approximately 0.3% of the company’s shares are sold short.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Cetera Investment Advisers lifted its position in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 2.6% during the fourth quarter. Cetera Investment Advisers now owns 175,477 shares of the company’s stock worth $6,256,000 after purchasing an additional 4,411 shares in the last quarter. Tower Research Capital LLC TRC boosted its position 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 during the period. Principal Securities Inc. grew its stake in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 10.1% in the fourth quarter. Principal Securities Inc. now owns 15,488 shares of the company’s stock worth $552,000 after acquiring an additional 1,419 shares in the last quarter. LPL Financial LLC increased its position in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 7.5% during the fourth quarter. LPL Financial LLC now owns 163,070 shares of the company’s stock worth $5,813,000 after acquiring an additional 11,402 shares during the period. Finally, Two Sigma Investments LP acquired a new stake in shares of First Trust Horizon Managed Volatility Small/Mid ETF in the third quarter valued at $263,000.

First Trust Horizon Managed Volatility Small/Mid ETF Stock Performance

Shares of HSMV traded up $0.16 during midday trading on Monday, hitting $38.44. 1,120 shares of the stock were exchanged, compared to its average volume of 1,843. First Trust Horizon Managed Volatility Small/Mid ETF has a 52-week low of $32.22 and a 52-week high of $38.45. The stock has a fifty day simple moving average of $36.96 and a 200 day simple moving average of $36.37. The firm has a market cap of $30.75 million, a P/E ratio of 17.07 and a beta of 0.82.

First Trust Horizon Managed Volatility Small/Mid ETF Company Profile

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.