Short Interest in First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) Drops By 76.7%

First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) saw a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 613 shares, a decrease of 76.7% from the May 31st total of 2,629 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 1,718 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On First Trust Dorsey Wright Dynamic Focus 5 ETF

A number of institutional investors and hedge funds have recently modified their holdings of the company. Western Wealth Management LLC purchased a new stake in First Trust Dorsey Wright Dynamic Focus 5 ETF during the first quarter valued at $27,000. Geneos Wealth Management Inc. lifted its holdings in First Trust Dorsey Wright Dynamic Focus 5 ETF by 10.4% in the first quarter. Geneos Wealth Management Inc. now owns 29,640 shares of the company’s stock valued at $1,032,000 after acquiring an additional 2,800 shares during the period. Fifth Third Bancorp purchased a new position in First Trust Dorsey Wright Dynamic Focus 5 ETF in the first quarter worth about $90,000. Kestra Advisory Services LLC boosted its position in First Trust Dorsey Wright Dynamic Focus 5 ETF by 21.0% in the first quarter. Kestra Advisory Services LLC now owns 16,024 shares of the company’s stock worth $558,000 after purchasing an additional 2,785 shares during the last quarter. Finally, NBT Bank N A NY grew its stake in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 30,608.3% during the 1st quarter. NBT Bank N A NY now owns 11,055 shares of the company’s stock valued at $385,000 after purchasing an additional 11,019 shares during the period.

First Trust Dorsey Wright Dynamic Focus 5 ETF Trading Down 1.0%

Shares of FVC stock opened at $42.24 on Friday. First Trust Dorsey Wright Dynamic Focus 5 ETF has a 12-month low of $33.81 and a 12-month high of $43.04. The stock has a market capitalization of $114.05 million, a P/E ratio of 19.13 and a beta of 0.71. The firm’s 50 day moving average is $40.43 and its 200 day moving average is $38.12.

First Trust Dorsey Wright Dynamic Focus 5 ETF Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be issued a dividend of $0.0006 per share. This represents a $0.00 annualized dividend and a dividend yield of 0.0%. The ex-dividend date of this dividend is Thursday, June 25th.

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.