First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) Sees Significant Growth in Short Interest

First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 482 shares, an increase of 160.5% from the August 31st total of 185 shares. Based on an average daily trading volume, of 1,310 shares, the short-interest ratio is currently 0.4 days. Approximately 0.2% of the shares of the company are short sold.

First Trust Horizon Managed Volatility Small/Mid ETF Price Performance

Shares of First Trust Horizon Managed Volatility Small/Mid ETF stock opened at $35.80 on Friday. The company’s fifty day moving average price is $38.54 and its two-hundred day moving average price is $37.80. The firm has a market capitalization of $8.95 million, a PE ratio of 17.07 and a beta of 0.73. First Trust Horizon Managed Volatility Small/Mid ETF has a 52-week low of $35.00 and a 52-week high of $39.82.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in HSMV. Envestnet Asset Management Inc. lifted its stake in First Trust Horizon Managed Volatility Small/Mid ETF by 29.0% during the second quarter. Envestnet Asset Management Inc. now owns 285,847 shares of the company’s stock worth $10,940,000 after purchasing an additional 64,229 shares during the period. Bank of New York Mellon Corp boosted its holdings in First Trust Horizon Managed Volatility Small/Mid ETF by 4.6% during the first quarter. Bank of New York Mellon Corp now owns 143,413 shares of the company’s stock valued at $5,187,000 after purchasing an additional 6,290 shares in the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 5.2% in the 1st quarter. Cetera Investment Advisers now owns 184,609 shares of the company’s stock valued at $6,677,000 after purchasing an additional 9,132 shares during the period.

First Trust Horizon Managed Volatility Small/Mid ETF Company Profile

The First Trust Horizon Managed Volatility Small\u002FMid ETF (HSMV) is an exchange-traded fund that mostly invests in extended market equity. The fund is an active fund of small- and mid-cap US stocks selected based on volatility forecast. HSMV was launched on Apr 6, 2020 and is managed by First Trust.