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

First Trust Horizon Managed Volatility Domestic ETF (NYSEARCA:HUSV) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totaling 24,356 shares, an increase of 28.1% from the December 15th total of 19,017 shares. Approximately 1.0% of the shares of the company are short sold. Based on an average daily trading volume, of 8,007 shares, the days-to-cover ratio is currently 3.0 days. Based on an average daily trading volume, of 8,007 shares, the days-to-cover ratio is currently 3.0 days. Approximately 1.0% of the shares of the company are short sold.

First Trust Horizon Managed Volatility Domestic ETF Price Performance

Shares of First Trust Horizon Managed Volatility Domestic ETF stock traded up $0.17 during trading hours on Monday, reaching $39.55. The company had a trading volume of 18,482 shares, compared to its average volume of 27,207. The firm has a market cap of $88.99 million, a PE ratio of 24.59 and a beta of 0.65. First Trust Horizon Managed Volatility Domestic ETF has a one year low of $36.20 and a one year high of $40.57. The business has a fifty day simple moving average of $38.85 and a 200 day simple moving average of $39.32.

Hedge Funds Weigh In On First Trust Horizon Managed Volatility Domestic ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Orion Porfolio Solutions LLC bought a new stake in shares of First Trust Horizon Managed Volatility Domestic ETF in the 3rd quarter worth approximately $200,000. Osaic Holdings Inc. raised its position in First Trust Horizon Managed Volatility Domestic ETF by 60.3% in the 2nd quarter. Osaic Holdings Inc. now owns 6,300 shares of the company’s stock worth $252,000 after purchasing an additional 2,370 shares during the period. Goldman Sachs Group Inc. purchased a new position in First Trust Horizon Managed Volatility Domestic ETF in the 1st quarter worth $565,000. Raymond James Financial Inc. lifted its stake in First Trust Horizon Managed Volatility Domestic ETF by 7.0% in the second quarter. Raymond James Financial Inc. now owns 15,116 shares of the company’s stock worth $604,000 after purchasing an additional 991 shares during the last quarter. Finally, J.W. Cole Advisors Inc. boosted its position in First Trust Horizon Managed Volatility Domestic ETF by 3.9% during the second quarter. J.W. Cole Advisors Inc. now owns 15,690 shares of the company’s stock valued at $627,000 after buying an additional 585 shares during the period.

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.