First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) Short Interest Up 449.1% in June

First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) was the recipient of a significant growth in short interest in the month of June. As of June 15th, there was short interest totaling 4,739 shares, a growth of 449.1% from the May 31st total of 863 shares. Based on an average daily trading volume, of 1,924 shares, the short-interest ratio is presently 2.5 days. Approximately 0.6% of the company’s stock are short sold.

Institutional Investors Weigh In On First Trust Horizon Managed Volatility Small/Mid ETF

Several institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC grew its stake in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 595.4% during the fourth quarter. Tower Research Capital LLC TRC now owns 37,863 shares of the company’s stock worth $1,350,000 after purchasing an additional 32,418 shares in the last quarter. LPL Financial LLC raised its stake in First Trust Horizon Managed Volatility Small/Mid ETF by 7.5% in the fourth quarter. LPL Financial LLC now owns 163,070 shares of the company’s stock valued at $5,813,000 after buying an additional 11,402 shares in the last quarter. Cetera Investment Advisers raised its stake in First Trust Horizon Managed Volatility Small/Mid ETF by 5.2% in the first quarter. Cetera Investment Advisers now owns 184,609 shares of the company’s stock valued at $6,677,000 after buying an additional 9,132 shares in the last quarter. Two Sigma Investments LP purchased a new stake in First Trust Horizon Managed Volatility Small/Mid ETF during the 3rd quarter worth about $263,000. Finally, Bank of New York Mellon Corp lifted its holdings in First Trust Horizon Managed Volatility Small/Mid ETF by 4.6% during the 1st quarter. Bank of New York Mellon Corp now owns 143,413 shares of the company’s stock worth $5,187,000 after buying an additional 6,290 shares during the last quarter.

First Trust Horizon Managed Volatility Small/Mid ETF Stock Up 1.1%

First Trust Horizon Managed Volatility Small/Mid ETF stock traded up $0.42 during trading on Friday, reaching $38.56. The stock had a trading volume of 1,792 shares, compared to its average volume of 2,220. First Trust Horizon Managed Volatility Small/Mid ETF has a 52-week low of $35.00 and a 52-week high of $38.56. The business has a 50 day moving average price of $37.49 and a 200 day moving average price of $37.04. The stock has a market cap of $30.85 million, a PE ratio of 17.07 and a beta of 0.74.

About First Trust Horizon Managed Volatility Small/Mid ETF

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.