First Trust Horizon Managed Volatility Domestic ETF (NYSEARCA:HUSV) Sees Large Decline in Short Interest

First Trust Horizon Managed Volatility Domestic ETF (NYSEARCA:HUSV) was the target of a significant decline in short interest in August. As of August 14th, there was short interest totaling 17,267 shares, a decline of 42.9% from the July 30th total of 30,222 shares. Based on an average trading volume of 8,126 shares, the short-interest ratio is currently 2.1 days. Approximately 1.0% of the company’s stock are short sold.

First Trust Horizon Managed Volatility Domestic ETF Trading Down 0.3%

HUSV traded down $0.12 during midday trading on Monday, reaching $40.91. The company’s stock had a trading volume of 1,183 shares, compared to its average volume of 15,995. First Trust Horizon Managed Volatility Domestic ETF has a 1 year low of $37.76 and a 1 year high of $41.86. The stock’s 50-day moving average is $40.55 and its 200-day moving average is $39.68. The firm has a market capitalization of $73.64 million, a price-to-earnings ratio of 24.59 and a beta of 0.58.

Institutional Trading of First Trust Horizon Managed Volatility Domestic ETF

Several hedge funds and other institutional investors have recently made changes to their positions in HUSV. Bank of New York Mellon Corp raised its stake in First Trust Horizon Managed Volatility Domestic ETF by 6.3% during the first quarter. Bank of New York Mellon Corp now owns 422,253 shares of the company’s stock valued at $16,191,000 after buying an additional 24,901 shares during the last quarter. LPL Financial LLC grew its stake in shares of 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 worth $11,400,000 after acquiring an additional 45,100 shares during the last quarter. Golden State Wealth Management LLC grew its stake in shares of First Trust Horizon Managed Volatility Domestic ETF by 1.9% in the fourth quarter. Golden State Wealth Management LLC now owns 179,983 shares of the company’s stock worth $6,964,000 after acquiring an additional 3,366 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of First Trust Horizon Managed Volatility Domestic ETF by 4.7% during the first quarter. Cetera Investment Advisers now owns 130,673 shares of the company’s stock valued at $5,011,000 after acquiring an additional 5,808 shares in the last quarter. Finally, Asset Allocation Strategies LLC raised its position in shares of First Trust Horizon Managed Volatility Domestic ETF by 13.3% in the 1st quarter. Asset Allocation Strategies LLC now owns 79,465 shares of the company’s stock worth $3,047,000 after purchasing an additional 9,330 shares during the last quarter.

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.