Short Interest in First Trust Horizon Managed Volatility Domestic ETF (NYSEARCA:HUSV) Rises By 146.6%

First Trust Horizon Managed Volatility Domestic ETF (NYSEARCA:HUSV) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 30,222 shares, a growth of 146.6% from the July 15th total of 12,254 shares. Currently, 1.7% of the company’s shares are sold short. Based on an average daily volume of 26,445 shares, the days-to-cover ratio is presently 1.1 days.

Hedge Funds Weigh In On First Trust Horizon Managed Volatility Domestic ETF

A number of large investors have recently bought and sold shares of the stock. LPL Financial LLC boosted its holdings in First Trust Horizon Managed Volatility Domestic ETF by 18.1% in the fourth quarter. LPL Financial LLC now owns 294,634 shares of the company’s stock valued at $11,400,000 after acquiring an additional 45,100 shares during the last quarter. RFG Advisory LLC acquired a new stake in shares of First Trust Horizon Managed Volatility Domestic ETF in the first quarter worth $1,685,000. Bank of New York Mellon Corp raised its stake in shares of First Trust Horizon Managed Volatility Domestic ETF by 6.3% in the 1st quarter. Bank of New York Mellon Corp now owns 422,253 shares of the company’s stock valued at $16,191,000 after acquiring an additional 24,901 shares during the period. Royal Bank of Canada grew its stake in shares of First Trust Horizon Managed Volatility Domestic ETF by 12,402.3% in the first quarter. Royal Bank of Canada now owns 21,504 shares of the company’s stock valued at $825,000 after buying an additional 21,332 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in First Trust Horizon Managed Volatility Domestic ETF by 15.1% during the 4th quarter. Cetera Investment Advisers now owns 124,865 shares of the company’s stock worth $4,831,000 after buying an additional 16,357 shares during the period.

First Trust Horizon Managed Volatility Domestic ETF Trading Down 0.1%

HUSV traded down $0.06 during midday trading on Friday, hitting $41.37. The company’s stock had a trading volume of 1,525 shares, compared to its average volume of 12,150. The firm has a market cap of $74.47 million, a P/E ratio of 24.59 and a beta of 0.58. The firm has a 50-day moving average price of $40.10 and a two-hundred day moving average price of $39.55. First Trust Horizon Managed Volatility Domestic ETF has a 52-week low of $37.76 and a 52-week high of $41.86.

First Trust Horizon Managed Volatility Domestic ETF Company Profile

The First Trust Horizon Managed Volatility Domestic ETF (HUSV) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed fund that uses volatility forecasting to select and weight large-cap US stocks. HUSV was launched on Aug 24, 2016 and is managed by First Trust.