Short Interest in First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) Drops By 60.2%

First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) was the target of a large drop in short interest during the month of June. As of June 30th, there was short interest totaling 1,884 shares, a drop of 60.2% from the June 15th total of 4,739 shares. Currently, 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 1,530 shares, the short-interest ratio is currently 1.2 days.

Hedge Funds Weigh In On First Trust Horizon Managed Volatility Small/Mid ETF

Several institutional investors have recently made changes to their positions in HSMV. Tower Research Capital LLC TRC boosted its stake in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 595.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 37,863 shares of the company’s stock worth $1,350,000 after acquiring an additional 32,418 shares in the last quarter. LPL Financial LLC raised its holdings in First Trust Horizon Managed Volatility Small/Mid ETF by 7.5% in the 4th quarter. LPL Financial LLC now owns 163,070 shares of the company’s stock worth $5,813,000 after purchasing an additional 11,402 shares during the period. Cetera Investment Advisers boosted its position in First Trust Horizon Managed Volatility Small/Mid ETF by 5.2% during the first quarter. Cetera Investment Advisers now owns 184,609 shares of the company’s stock worth $6,677,000 after purchasing an additional 9,132 shares in the last quarter. Two Sigma Investments LP acquired a new stake in First Trust Horizon Managed Volatility Small/Mid ETF in the third quarter valued at approximately $263,000. Finally, Bank of New York Mellon Corp increased its position in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 4.6% in 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 buying an additional 6,290 shares in the last quarter.

First Trust Horizon Managed Volatility Small/Mid ETF Stock Down 0.1%

Shares of HSMV stock traded down $0.02 on Wednesday, hitting $38.49. The company had a trading volume of 533 shares, compared to its average volume of 2,181. First Trust Horizon Managed Volatility Small/Mid ETF has a twelve month low of $35.00 and a twelve month high of $38.72. The firm has a market cap of $34.64 million, a P/E ratio of 17.07 and a beta of 0.74. The company has a 50-day moving average price of $37.64 and a 200-day moving average price of $37.26.

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.