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

First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV) was the recipient of a significant increase in short interest in May. As of May 15th, there was short interest totaling 638 shares, an increase of 72.9% from the April 30th total of 369 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 761 shares, the short-interest ratio is currently 0.8 days.

Hedge Funds Weigh In On First Trust Horizon Managed Volatility Developed International ETF

Several hedge funds and other institutional investors have recently modified their holdings of HDMV. Raymond James Financial Inc. purchased a new position in shares of First Trust Horizon Managed Volatility Developed International ETF in the second quarter worth about $83,000. Jane Street Group LLC acquired a new stake in First Trust Horizon Managed Volatility Developed International ETF during the second quarter worth about $863,000. Envestnet Asset Management Inc. increased its position in First Trust Horizon Managed Volatility Developed International ETF by 17.5% during the third quarter. Envestnet Asset Management Inc. now owns 9,137 shares of the company’s stock worth $317,000 after purchasing an additional 1,364 shares during the last quarter. Citadel Advisors LLC increased its position in First Trust Horizon Managed Volatility Developed International ETF by 62.1% during the third quarter. Citadel Advisors LLC now owns 33,450 shares of the company’s stock worth $1,160,000 after purchasing an additional 12,815 shares during the last quarter. Finally, Lido Advisors LLC acquired a new stake in First Trust Horizon Managed Volatility Developed International ETF during the fourth quarter worth about $248,000.

First Trust Horizon Managed Volatility Developed International ETF Trading Up 0.2%

NYSEARCA:HDMV opened at $37.07 on Wednesday. The company’s 50-day moving average price is $37.47 and its 200-day moving average price is $36.74. The company has a market cap of $16.68 million, a P/E ratio of 16.77 and a beta of 0.47. First Trust Horizon Managed Volatility Developed International ETF has a twelve month low of $34.12 and a twelve month high of $39.22.

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.