First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV) Short Interest Up 568.1% in April

First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV) saw a significant increase in short interest in April. As of April 30th, there was short interest totaling 68,870 shares, an increase of 568.1% from the April 15th total of 10,309 shares. Approximately 0.8% of the shares of the stock are sold short. Based on an average daily volume of 45,961 shares, the days-to-cover ratio is currently 1.5 days.

First Trust Dorsey Wright International Focus 5 ETF Price Performance

Shares of NASDAQ IFV traded down $0.39 during mid-day trading on Tuesday, hitting $28.02. 11,021 shares of the company’s stock traded hands, compared to its average volume of 59,259. The company’s 50-day moving average is $26.37 and its two-hundred day moving average is $25.72. The company has a market capitalization of $250.78 million, a P/E ratio of 13.24 and a beta of 0.74. First Trust Dorsey Wright International Focus 5 ETF has a 1 year low of $21.35 and a 1 year high of $28.52.

First Trust Dorsey Wright International Focus 5 ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a $0.0087 dividend. This represents a $0.03 annualized dividend and a dividend yield of 0.1%. The ex-dividend date of this dividend was Thursday, March 26th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of IFV. Wells Fargo & Company MN raised its holdings in shares of First Trust Dorsey Wright International Focus 5 ETF by 51.1% in the fourth quarter. Wells Fargo & Company MN now owns 1,094,834 shares of the company’s stock worth $27,185,000 after buying an additional 370,415 shares during the period. Raymond James Financial Inc. grew its stake in First Trust Dorsey Wright International Focus 5 ETF by 1.0% in the 3rd quarter. Raymond James Financial Inc. now owns 319,121 shares of the company’s stock worth $7,812,000 after acquiring an additional 3,079 shares in the last quarter. Bank of America Corp DE grew its position in shares of First Trust Dorsey Wright International Focus 5 ETF by 14.6% during the 3rd quarter. Bank of America Corp DE now owns 247,804 shares of the company’s stock worth $6,066,000 after buying an additional 31,623 shares in the last quarter. UBS Group AG raised its holdings in shares of First Trust Dorsey Wright International Focus 5 ETF by 27.7% in the fourth quarter. UBS Group AG now owns 166,595 shares of the company’s stock valued at $4,137,000 after acquiring an additional 36,171 shares in the last quarter. Finally, NewEdge Advisors LLC lifted its stake in First Trust Dorsey Wright International Focus 5 ETF by 19.4% in the second quarter. NewEdge Advisors LLC now owns 121,812 shares of the company’s stock worth $2,792,000 after acquiring an additional 19,824 shares during the period.

About First Trust Dorsey Wright International Focus 5 ETF

The First Trust Dorsey Wright International Focus 5 ETF (IFV) is an exchange-traded fund that mostly invests in total market equity. The fund is an ETF-of-ETFs that tracks a momentum-driven, country\u002Fregion rotation index of international equities. The index is equal-weighted. IFV was launched on Jul 22, 2014 and is managed by First Trust.