First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV) Sees Large Drop in Short Interest

First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV) was the recipient of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 12,217 shares, a decline of 82.3% from the April 30th total of 68,870 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 25,948 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in IFV. Wells Fargo & Company MN lifted its stake in shares of First Trust Dorsey Wright International Focus 5 ETF by 51.1% in the 4th quarter. Wells Fargo & Company MN now owns 1,094,834 shares of the company’s stock valued at $27,185,000 after purchasing an additional 370,415 shares during the period. Jane Street Group LLC acquired a new position in shares of First Trust Dorsey Wright International Focus 5 ETF in the 2nd quarter valued at about $2,128,000. Wagner Wealth Management Corp acquired a new position in shares of First Trust Dorsey Wright International Focus 5 ETF in the 4th quarter valued at about $1,580,000. PFG Investments LLC lifted its stake in shares of First Trust Dorsey Wright International Focus 5 ETF by 163.7% in the 1st quarter. PFG Investments LLC now owns 79,971 shares of the company’s stock valued at $2,021,000 after purchasing an additional 49,649 shares during the period. Finally, Bank of America Corp DE lifted its stake in shares of First Trust Dorsey Wright International Focus 5 ETF by 24.9% in the 2nd quarter. Bank of America Corp DE now owns 216,181 shares of the company’s stock valued at $4,955,000 after purchasing an additional 43,127 shares during the period.

First Trust Dorsey Wright International Focus 5 ETF Stock Up 0.3%

IFV traded up $0.08 during midday trading on Friday, hitting $28.25. 53,618 shares of the company were exchanged, compared to its average volume of 58,552. The firm has a market capitalization of $252.84 million, a P/E ratio of 13.24 and a beta of 0.74. First Trust Dorsey Wright International Focus 5 ETF has a 1-year low of $21.91 and a 1-year high of $28.52. The firm’s 50 day moving average price is $26.87 and its 200-day moving average price is $26.05.

First Trust Dorsey Wright International Focus 5 ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a $0.0087 dividend. This represents a $0.03 dividend on an annualized basis and a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, March 26th.

First Trust Dorsey Wright International Focus 5 ETF Company Profile

The First Trust Dorsey Wright International Focus 5 ETF (IFV) is an exchange-traded fund that mostly invests in total market equity. The fund is an ETF-of-ETFs that tracks a momentum-driven, country\u002Fregion rotation index of international equities. The index is equal-weighted. IFV was launched on Jul 22, 2014 and is managed by First Trust.