Short Interest in First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) Rises By 158.1%

First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) was the recipient of a large increase in short interest in May. As of May 15th, there was short interest totaling 4,086 shares, an increase of 158.1% from the April 30th total of 1,583 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 2,701 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Investors Weigh In On First Trust Dorsey Wright Dynamic Focus 5 ETF

A number of institutional investors have recently modified their holdings of FVC. Raymond James Financial Inc. grew its position in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 62.0% during the 2nd quarter. Raymond James Financial Inc. now owns 348,035 shares of the company’s stock valued at $12,366,000 after acquiring an additional 133,233 shares during the period. Geneos Wealth Management Inc. grew its stake 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 valued at $1,143,000 after acquiring an additional 19,137 shares during the period. Osaic Holdings Inc. grew its stake in First Trust Dorsey Wright Dynamic Focus 5 ETF by 36.0% in the 2nd quarter. Osaic Holdings Inc. now owns 24,423 shares of the company’s stock valued at $868,000 after acquiring an additional 6,467 shares during the period. Mariner LLC grew its stake 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 valued at $934,000 after acquiring an additional 1,213 shares during the period. Finally, Susquehanna International Group LLP grew its stake 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 valued at $1,017,000 after acquiring an additional 22,268 shares during the period.

First Trust Dorsey Wright Dynamic Focus 5 ETF Stock Performance

Shares of NASDAQ:FVC remained flat at $41.63 during trading on Monday. 2,041 shares of the stock traded hands, compared to its average volume of 6,421. The stock has a market capitalization of $112.40 million, a P/E ratio of 19.13 and a beta of 0.70. The business’s 50-day simple moving average is $37.83 and its two-hundred day simple moving average is $37.29. First Trust Dorsey Wright Dynamic Focus 5 ETF has a 52-week low of $33.81 and a 52-week high of $41.79.

About First Trust Dorsey Wright Dynamic Focus 5 ETF

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.