First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) Sees Significant Decrease in Short Interest

First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) was the target of a significant drop in short interest in February. As of February 27th, there was short interest totaling 1,089 shares, a drop of 50.0% from the February 12th total of 2,178 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily volume of 2,279 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 2,279 shares, the short-interest ratio is presently 0.5 days. Currently, 0.1% of the shares of the stock are sold short.

First Trust Horizon Managed Volatility Small/Mid ETF Stock Down 0.6%

HSMV stock traded down $0.21 during trading on Thursday, hitting $36.55. The company had a trading volume of 3,393 shares, compared to its average volume of 1,835. The firm has a 50-day moving average price of $37.24 and a 200-day moving average price of $36.44. First Trust Horizon Managed Volatility Small/Mid ETF has a 12 month low of $32.22 and a 12 month high of $38.45. The stock has a market cap of $29.24 million, a price-to-earnings ratio of 17.07 and a beta of 0.82.

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

A number of institutional investors and hedge funds have recently made changes to their positions in HSMV. Certior Financial Group LLC lifted its stake in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 4.1% during the third quarter. Certior Financial Group LLC now owns 8,024 shares of the company’s stock valued at $292,000 after acquiring an additional 314 shares during the period. Principal Securities Inc. increased its position in First Trust Horizon Managed Volatility Small/Mid ETF by 10.1% in the fourth quarter. Principal Securities Inc. now owns 15,488 shares of the company’s stock worth $552,000 after purchasing an additional 1,419 shares during the period. Osaic Holdings Inc. increased its position in First Trust Horizon Managed Volatility Small/Mid ETF by 226.3% in the second quarter. Osaic Holdings Inc. now owns 5,224 shares of the company’s stock worth $187,000 after purchasing an additional 3,623 shares during the period. Cetera Investment Advisers raised its holdings in First Trust Horizon Managed Volatility Small/Mid ETF by 2.6% during the 4th quarter. Cetera Investment Advisers now owns 175,477 shares of the company’s stock worth $6,256,000 after purchasing an additional 4,411 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in First Trust Horizon Managed Volatility Small/Mid ETF by 3.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 189,446 shares of the company’s stock worth $6,791,000 after purchasing an additional 5,570 shares during the last quarter.

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.