First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) Short Interest Update

First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 2,629 shares, a decline of 35.7% from the May 14th total of 4,086 shares. Based on an average daily volume of 1,351 shares, the days-to-cover ratio is currently 1.9 days. Currently, 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Sun Financial Inc purchased a new position in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF in the fourth quarter worth approximately $861,000. Holos Integrated Wealth LLC purchased a new position in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF in the fourth quarter worth approximately $279,000. Western Wealth Management LLC purchased a new position in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF in the first quarter worth approximately $27,000. Jane Street Group LLC purchased a new position in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF in the fourth quarter worth approximately $535,000. Finally, Susquehanna International Group LLP increased its position in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 375.6% in the third quarter. Susquehanna International Group LLP now owns 28,196 shares of the company’s stock worth $1,017,000 after acquiring an additional 22,268 shares in the last quarter.

First Trust Dorsey Wright Dynamic Focus 5 ETF Trading Up 0.1%

Shares of NASDAQ FVC traded up $0.06 during midday trading on Tuesday, reaching $42.55. The company’s stock had a trading volume of 2,477 shares, compared to its average volume of 5,937. The company has a 50 day moving average price of $39.37 and a 200 day moving average price of $37.77. First Trust Dorsey Wright Dynamic Focus 5 ETF has a one year low of $33.81 and a one year high of $43.04. The company has a market cap of $114.89 million, a price-to-earnings ratio of 19.13 and a beta of 0.71.

First Trust Dorsey Wright Dynamic Focus 5 ETF Company Profile

The First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC) is an exchange-traded fund that is based on the Dorsey Wright Dynamic Focus Five index. The fund tracks an index of global sector and industry ETFs, selected by price momentum and weighted equally. The fund can also allocate to cash in varying amounts based on momentum. FVC was launched on Mar 18, 2016 and is managed by First Trust.