First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) Sees Large Growth in Short Interest

First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 4,086 shares, an increase of 158.1% from the April 30th total of 1,583 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 2,701 shares, the days-to-cover ratio is presently 1.5 days.

Institutional Trading of First Trust Dorsey Wright Dynamic Focus 5 ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. increased its stake in First Trust Dorsey Wright Dynamic Focus 5 ETF by 62.0% during the 2nd quarter. Raymond James Financial Inc. now owns 348,035 shares of the company’s stock valued at $12,366,000 after purchasing an additional 133,233 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in First Trust Dorsey Wright Dynamic Focus 5 ETF by 146.9% during the 2nd quarter. Geneos Wealth Management Inc. now owns 32,160 shares of the company’s stock valued at $1,143,000 after purchasing an additional 19,137 shares in the last quarter. Susquehanna International Group LLP increased its stake in First Trust Dorsey Wright Dynamic Focus 5 ETF by 375.6% during the 3rd quarter. Susquehanna International Group LLP now owns 28,196 shares of the company’s stock valued at $1,017,000 after purchasing an additional 22,268 shares in the last quarter. Mariner LLC increased its stake in First Trust Dorsey Wright Dynamic Focus 5 ETF by 4.9% during the 3rd quarter. Mariner LLC now owns 25,883 shares of the company’s stock valued at $934,000 after purchasing an additional 1,213 shares in the last quarter. Finally, Osaic Holdings Inc. increased its stake in First Trust Dorsey Wright Dynamic Focus 5 ETF by 36.0% during the 2nd quarter. Osaic Holdings Inc. now owns 24,423 shares of the company’s stock valued at $868,000 after purchasing an additional 6,467 shares in the last quarter.

First Trust Dorsey Wright Dynamic Focus 5 ETF Trading Down 0.3%

NASDAQ:FVC traded down $0.11 on Friday, reaching $41.63. 2,041 shares of the stock traded hands, compared to its average volume of 6,421. The company has a market capitalization of $112.40 million, a price-to-earnings ratio of 19.13 and a beta of 0.70. First Trust Dorsey Wright Dynamic Focus 5 ETF has a 12 month low of $33.81 and a 12 month high of $41.79. The company’s fifty day simple moving average is $37.83 and its 200 day simple moving average is $37.29.

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.