Short Interest in First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV) Increases By 80.0%

First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 279 shares, a growth of 80.0% from the August 15th total of 155 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily volume of 1,058 shares, the short-interest ratio is presently 0.3 days.

First Trust Horizon Managed Volatility Developed International ETF Price Performance

Shares of NYSEARCA HDMV traded down $0.21 during midday trading on Wednesday, hitting $37.88. 1,565 shares of the company’s stock were exchanged, compared to its average volume of 2,013. First Trust Horizon Managed Volatility Developed International ETF has a twelve month low of $34.12 and a twelve month high of $39.53. The firm has a market cap of $378,800.00, a P/E ratio of 16.77 and a beta of 0.45. The stock’s 50 day moving average price is $38.61 and its 200-day moving average price is $37.82.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in HDMV. Ascentis Independent Advisors grew its position in shares of First Trust Horizon Managed Volatility Developed International ETF by 119.5% in the 1st quarter. Ascentis Independent Advisors now owns 35,619 shares of the company’s stock valued at $1,311,000 after buying an additional 19,392 shares during the last quarter. Independent Financial Group LLC acquired a new stake in First Trust Horizon Managed Volatility Developed International ETF in the first quarter worth $449,000. Finally, Citadel Advisors LLC increased its position in 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 buying an additional 1,851 shares in the last quarter.

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.