Short Interest in First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) Drops By 35.7%

First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) was the recipient of a large drop in short interest in the month of May. As of May 29th, there was short interest totaling 2,629 shares, a drop of 35.7% from the May 14th total of 4,086 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 1,351 shares, the short-interest ratio is presently 1.9 days.

First Trust Dorsey Wright Dynamic Focus 5 ETF Price Performance

FVC stock opened at $41.41 on Thursday. The stock has a market capitalization of $111.81 million, a price-to-earnings ratio of 19.13 and a beta of 0.71. The business’s fifty day moving average price is $39.63 and its two-hundred day moving average price is $37.85. First Trust Dorsey Wright Dynamic Focus 5 ETF has a fifty-two week low of $33.81 and a fifty-two week high of $43.04.

Institutional Trading of First Trust Dorsey Wright Dynamic Focus 5 ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Sun Financial Inc acquired a new position in First Trust Dorsey Wright Dynamic Focus 5 ETF in the 4th quarter worth about $861,000. Susquehanna International Group LLP increased its holdings in First Trust Dorsey Wright Dynamic Focus 5 ETF by 375.6% in the 3rd quarter. Susquehanna International Group LLP now owns 28,196 shares of the company’s stock worth $1,017,000 after purchasing an additional 22,268 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in First Trust Dorsey Wright Dynamic Focus 5 ETF by 146.9% in the 2nd quarter. Geneos Wealth Management Inc. now owns 32,160 shares of the company’s stock worth $1,143,000 after purchasing an additional 19,137 shares in the last quarter. Raymond James Financial Inc. increased its holdings in First Trust Dorsey Wright Dynamic Focus 5 ETF by 62.0% in the 2nd quarter. Raymond James Financial Inc. now owns 348,035 shares of the company’s stock worth $12,366,000 after purchasing an additional 133,233 shares in the last quarter. Finally, Mariner LLC increased its holdings in First Trust Dorsey Wright Dynamic Focus 5 ETF by 4.9% in the 3rd quarter. Mariner LLC now owns 25,883 shares of the company’s stock worth $934,000 after purchasing an additional 1,213 shares in the last quarter.

First Trust Dorsey Wright Dynamic Focus 5 ETF Company Profile

The First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC) is an exchange-traded fund that is based on the Dorsey Wright Dynamic Focus Five index. The fund tracks an index of global sector and industry ETFs, selected by price momentum and weighted equally. The fund can also allocate to cash in varying amounts based on momentum. FVC was launched on Mar 18, 2016 and is managed by First Trust.