First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV) Shares Shorted: Short Interest Down 44.8% in September

First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV) was the recipient of a large decline in short interest in September. As of September 15th, there was short interest totaling 154 shares, a decline of 44.8% from the August 31st total of 279 shares. Based on an average daily trading volume, of 526 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.0% of the company’s stock are sold short.

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

Institutional investors have recently made changes to their positions in the business. Independent Financial Group LLC purchased a new position in shares of First Trust Horizon Managed Volatility Developed International ETF during the 1st quarter valued at approximately $449,000. Ascentis Independent Advisors increased its stake in shares of First Trust Horizon Managed Volatility Developed International ETF by 119.5% in the first quarter. Ascentis Independent Advisors now owns 35,619 shares of the company’s stock worth $1,311,000 after buying an additional 19,392 shares during the last quarter. Finally, Citadel Advisors LLC raised its stake in shares of First Trust Horizon Managed Volatility Developed International ETF by 5.3% in the 2nd quarter. Citadel Advisors LLC now owns 36,932 shares of the company’s stock valued at $1,367,000 after purchasing an additional 1,851 shares in the last quarter.

First Trust Horizon Managed Volatility Developed International ETF Stock Performance

Shares of NYSEARCA HDMV traded down $0.28 during midday trading on Wednesday, reaching $36.05. 479 shares of the company’s stock were exchanged, compared to its average volume of 1,954. First Trust Horizon Managed Volatility Developed International ETF has a 52-week low of $34.12 and a 52-week high of $39.53. The stock has a market capitalization of $14.42 million, a PE ratio of 16.77 and a beta of 0.45. The business’s fifty day moving average price is $38.42 and its two-hundred day moving average price is $37.78.

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.