First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Short Interest Update

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) was the recipient of a large decrease in short interest in August. As of August 31st, there was short interest totaling 55,273 shares, a decrease of 33.6% from the August 15th total of 83,242 shares. Approximately 0.1% of the company’s stock are sold short. Based on an average trading volume of 46,984 shares, the short-interest ratio is presently 1.2 days.

First Trust Dorsey Wright Focus 5 ETF Stock Performance

Shares of NASDAQ FV traded up $1.18 during mid-day trading on Thursday, hitting $72.76. 68,655 shares of the stock traded hands, compared to its average volume of 103,921. The company has a market cap of $3.77 billion, a price-to-earnings ratio of 19.48 and a beta of 1.09. The stock has a fifty day moving average price of $72.06 and a 200-day moving average price of $69.09. First Trust Dorsey Wright Focus 5 ETF has a 52 week low of $58.33 and a 52 week high of $76.08.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.0761 per share. This is a boost from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.05. The ex-dividend date was Thursday, June 25th. This represents a $0.30 dividend on an annualized basis and a dividend yield of 0.4%.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of FV. Bullseye Investment Management LLC purchased a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the 2nd quarter worth about $114,000. Sequoia Financial Advisors LLC purchased a new stake in First Trust Dorsey Wright Focus 5 ETF during the 2nd quarter valued at about $218,000. MCF Advisors LLC bought a new stake in First Trust Dorsey Wright Focus 5 ETF during the 2nd quarter valued at about $154,000. NewEdge Advisors LLC increased its stake in First Trust Dorsey Wright Focus 5 ETF by 0.5% during the 2nd quarter. NewEdge Advisors LLC now owns 552,680 shares of the company’s stock valued at $41,937,000 after purchasing an additional 2,792 shares in the last quarter. Finally, Washington Trust Advisors Inc. purchased a new position in First Trust Dorsey Wright Focus 5 ETF in the second quarter worth about $35,000.

First Trust Dorsey Wright Focus 5 ETF Company Profile

The First Trust Dorsey Wright Focus 5 ETF (FV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an equal-weighted index of US and global ETFs issued by First Trust. The index selects 5 ETFs based on relative price momentum. FV was launched on Mar 6, 2014 and is managed by First Trust.