First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV) Sees Significant Increase in Short Interest

First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV) was the target of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 885 shares, a growth of 302.3% from the June 30th total of 220 shares. Based on an average trading volume of 389 shares, the days-to-cover ratio is currently 2.3 days. Approximately 0.2% of the company’s shares are short sold.

Institutional Trading of First Trust Horizon Managed Volatility Developed International ETF

Several institutional investors have recently made changes to their positions in the company. LPL Financial LLC lifted its holdings in First Trust Horizon Managed Volatility Developed International ETF by 8.7% in the fourth quarter. LPL Financial LLC now owns 194,781 shares of the company’s stock valued at $6,882,000 after acquiring an additional 15,597 shares during the last quarter. Osaic Holdings Inc. increased its stake in First Trust Horizon Managed Volatility Developed International ETF by 0.6% during the fourth quarter. Osaic Holdings Inc. now owns 61,513 shares of the company’s stock worth $2,174,000 after acquiring an additional 363 shares during the last quarter. Ascentis Independent Advisors raised its position in First Trust Horizon Managed Volatility Developed International ETF by 119.5% in the first quarter. Ascentis Independent Advisors now owns 35,619 shares of the company’s stock valued at $1,311,000 after purchasing an additional 19,392 shares during the period. Jane Street Group LLC raised its position in First Trust Horizon Managed Volatility Developed International ETF by 15.7% in the fourth quarter. Jane Street Group LLC now owns 34,123 shares of the company’s stock valued at $1,206,000 after purchasing an additional 4,619 shares during the period. Finally, Citadel Advisors LLC lifted its stake in shares of First Trust Horizon Managed Volatility Developed International ETF by 62.1% in the 3rd quarter. Citadel Advisors LLC now owns 33,450 shares of the company’s stock valued at $1,160,000 after purchasing an additional 12,815 shares during the last quarter.

First Trust Horizon Managed Volatility Developed International ETF Stock Performance

Shares of NYSEARCA HDMV traded up $0.20 during trading on Friday, hitting $38.24. 832 shares of the company were exchanged, compared to its average volume of 2,275. The firm has a market capitalization of $17.21 million, a PE ratio of 16.77 and a beta of 0.46. The company has a fifty day moving average price of $37.51 and a 200-day moving average price of $37.38. First Trust Horizon Managed Volatility Developed International ETF has a 12-month low of $34.12 and a 12-month high of $39.22.

About First Trust Horizon Managed Volatility Developed International ETF

The First Trust Horizon Managed Volatility Developed International ETF (HDMV) is an exchange-traded fund that is based on the MSCI EAFE Minimum Volatility index. The fund is an actively-managed fund of low expected volatility mid and large-cap stocks from developed markets. HDMV was launched on Aug 24, 2016 and is managed by First Trust.