First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) Shares Shorted: Short Interest Up 61.8% in September

First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totaling 780 shares, an increase of 61.8% from the September 15th total of 482 shares. Based on an average daily volume of 1,634 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.5% of the shares of the stock are sold short.

Institutional Investors Weigh In On First Trust Horizon Managed Volatility Small/Mid ETF

A number of large investors have recently added to or reduced their stakes in HSMV. Envestnet Asset Management Inc. boosted its holdings in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 29.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 285,847 shares of the company’s stock worth $10,940,000 after purchasing an additional 64,229 shares in the last quarter. Cetera Investment Advisers lifted its position in First Trust Horizon Managed Volatility Small/Mid ETF by 5.2% in the 1st quarter. Cetera Investment Advisers now owns 184,609 shares of the company’s stock worth $6,677,000 after buying an additional 9,132 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its stake 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 worth $5,187,000 after buying an additional 6,290 shares in the last quarter.

First Trust Horizon Managed Volatility Small/Mid ETF Trading Up 0.7%

Shares of NYSEARCA:HSMV traded up $0.24 during trading on Friday, reaching $36.16. The company had a trading volume of 8 shares, compared to its average volume of 8,060. First Trust Horizon Managed Volatility Small/Mid ETF has a 12 month low of $35.00 and a 12 month high of $39.82. The stock has a market capitalization of $5.42 million, a P/E ratio of 17.07 and a beta of 0.74. The company has a fifty day moving average of $37.50 and a two-hundred day moving average of $37.73.

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.