Short Interest in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Expands By 35.9%

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FVGet Free Report) saw a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 63,482 shares, an increase of 35.9% from the March 15th total of 46,723 shares. Based on an average trading volume of 133,006 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the company’s stock are sold short.

Institutional Trading of First Trust Dorsey Wright Focus 5 ETF

Hedge funds have recently added to or reduced their stakes in the business. AlphaCore Capital LLC bought a new position in First Trust Dorsey Wright Focus 5 ETF in the fourth quarter worth about $8,977,000. Benjamin Edwards Inc. grew its stake in First Trust Dorsey Wright Focus 5 ETF by 663.4% during the 4th quarter. Benjamin Edwards Inc. now owns 142,054 shares of the company’s stock worth $8,941,000 after buying an additional 123,447 shares during the last quarter. NewEdge Advisors LLC increased its position in First Trust Dorsey Wright Focus 5 ETF by 11.4% during the 3rd quarter. NewEdge Advisors LLC now owns 940,514 shares of the company’s stock valued at $58,237,000 after buying an additional 96,612 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position in First Trust Dorsey Wright Focus 5 ETF by 61.6% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 224,743 shares of the company’s stock valued at $14,141,000 after buying an additional 85,668 shares in the last quarter. Finally, Gateway Wealth Partners LLC increased its position in First Trust Dorsey Wright Focus 5 ETF by 359.6% during the 3rd quarter. Gateway Wealth Partners LLC now owns 108,446 shares of the company’s stock valued at $6,715,000 after buying an additional 84,850 shares in the last quarter.

First Trust Dorsey Wright Focus 5 ETF Stock Down 0.2%

NASDAQ:FV traded down $0.15 during mid-day trading on Wednesday, reaching $63.93. The company’s stock had a trading volume of 106,788 shares, compared to its average volume of 145,653. First Trust Dorsey Wright Focus 5 ETF has a 1 year low of $50.22 and a 1 year high of $68.16. The stock has a fifty day moving average of $63.17 and a 200-day moving average of $63.16. The firm has a market capitalization of $3.42 billion, a PE ratio of 19.48 and a beta of 1.07.

First Trust Dorsey Wright Focus 5 ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a $0.0514 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.21 dividend on an annualized basis and a yield of 0.3%.

First Trust Dorsey Wright Focus 5 ETF Company Profile

(Get Free Report)

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.

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