First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV) Stock Short Interest Rises 174.0%

First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV) saw a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 422 shares, an increase of 174.0% from the September 15th total of 154 shares. Approximately 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 987 shares, the days-to-cover ratio is currently 0.4 days.

First Trust Horizon Managed Volatility Developed International ETF Stock Performance

NYSEARCA HDMV traded down $0.32 on Wednesday, hitting $35.95. 29 shares of the stock were exchanged, compared to its average volume of 1,886. The stock has a fifty day moving average price of $37.90 and a two-hundred day moving average price of $37.74. The firm has a market capitalization of $14.38 million, a P/E ratio of 16.77 and a beta of 0.45. First Trust Horizon Managed Volatility Developed International ETF has a 52-week low of $34.27 and a 52-week high of $39.53.

Institutional Investors Weigh In On First Trust Horizon Managed Volatility Developed International ETF

Institutional investors have recently made changes to their positions in the company. Citadel Advisors LLC grew its holdings in First Trust Horizon Managed Volatility Developed International ETF by 5.3% during the 2nd quarter. Citadel Advisors LLC now owns 36,932 shares of the company’s stock worth $1,367,000 after acquiring an additional 1,851 shares in the last quarter. Independent Financial Group LLC purchased a new stake in shares of First Trust Horizon Managed Volatility Developed International ETF in the 1st quarter worth approximately $449,000. Finally, Ascentis Independent Advisors boosted its stake in shares of First Trust Horizon Managed Volatility Developed International ETF by 119.5% during 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 in the last quarter.

First Trust Horizon Managed Volatility Developed International ETF Company Profile

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.