First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) Short Interest Down 78.8% in August

First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) was the target of a large drop in short interest in August. As of August 31st, there was short interest totaling 185 shares, a drop of 78.8% from the August 15th total of 871 shares. Based on an average daily volume of 92,444 shares, the short-interest ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

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

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC grew its holdings 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. LPL Financial LLC lifted its holdings in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 7.5% during the 4th 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. Cetera Investment Advisers lifted its holdings in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 5.2% during the 1st quarter. Cetera Investment Advisers now owns 184,609 shares of the company’s stock worth $6,677,000 after acquiring an additional 9,132 shares during the period. Two Sigma Investments LP acquired a new stake in shares of First Trust Horizon Managed Volatility Small/Mid ETF in the third quarter worth approximately $263,000. Finally, Bank of New York Mellon Corp grew its holdings in First Trust Horizon Managed Volatility Small/Mid ETF by 4.6% in the first quarter. Bank of New York Mellon Corp now owns 143,413 shares of the company’s stock valued at $5,187,000 after purchasing an additional 6,290 shares during the period.

First Trust Horizon Managed Volatility Small/Mid ETF Stock Performance

HSMV stock opened at $37.82 on Friday. The stock’s 50 day moving average price is $38.89 and its 200 day moving average price is $37.87. The firm has a market cap of $34.04 million, a P/E ratio of 17.07 and a beta of 0.73. First Trust Horizon Managed Volatility Small/Mid ETF has a 1 year low of $35.00 and a 1 year high of $39.82.

About First Trust Horizon Managed Volatility Small/Mid ETF

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.