First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV) Short Interest Update

First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totaling 648 shares, a growth of 582.1% from the December 15th total of 95 shares. Based on an average daily trading volume, of 1,393 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the shares of the stock are short sold. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,393 shares, the days-to-cover ratio is presently 0.5 days.

First Trust Horizon Managed Volatility Developed International ETF Stock Performance

Shares of NYSEARCA:HDMV traded up $0.08 during midday trading on Wednesday, hitting $35.60. The company’s stock had a trading volume of 1,872 shares, compared to its average volume of 21,163. The company has a market cap of $19.58 million, a P/E ratio of 16.77 and a beta of 0.51. First Trust Horizon Managed Volatility Developed International ETF has a 12-month low of $28.51 and a 12-month high of $36.13. The business’s 50 day simple moving average is $35.17 and its 200 day simple moving average is $35.14.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in HDMV. Fountainhead AM LLC purchased a new position in First Trust Horizon Managed Volatility Developed International ETF during the second quarter worth approximately $238,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in First Trust Horizon Managed Volatility Developed International ETF in the 2nd quarter valued at $200,000. Golden State Equity Partners increased its stake in shares of First Trust Horizon Managed Volatility Developed International ETF by 23.2% in the 3rd quarter. Golden State Equity Partners now owns 39,847 shares of the company’s stock worth $1,382,000 after acquiring an additional 7,496 shares during the last quarter. Gladstone Institutional Advisory LLC purchased a new position in shares of First Trust Horizon Managed Volatility Developed International ETF during the 3rd quarter worth $278,000. Finally, Citadel Advisors LLC raised its holdings in shares of First Trust Horizon Managed Volatility Developed International ETF by 62.1% during the 3rd quarter. Citadel Advisors LLC now owns 33,450 shares of the company’s stock worth $1,160,000 after acquiring an additional 12,815 shares during the period.

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.