First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Sees Significant Increase in Short Interest

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 40,450 shares, a growth of 198.7% from the July 15th total of 13,540 shares. Based on an average daily volume of 53,367 shares, the days-to-cover ratio is currently 0.8 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On First Trust Dorsey Wright Focus 5 ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Benjamin Edwards Inc. raised its position in shares of First Trust Dorsey Wright Focus 5 ETF by 0.9% during the 2nd quarter. Benjamin Edwards Inc. now owns 18,831 shares of the company’s stock worth $1,116,000 after purchasing an additional 177 shares during the period. Ausdal Financial Partners Inc. lifted its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 3.3% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 7,655 shares of the company’s stock worth $454,000 after purchasing an additional 244 shares during the last quarter. SkyOak Wealth LLC boosted its position in First Trust Dorsey Wright Focus 5 ETF by 0.3% during the 1st quarter. SkyOak Wealth LLC now owns 107,748 shares of the company’s stock valued at $6,512,000 after purchasing an additional 297 shares during the period. Clark Capital Management Group Inc. boosted its position in First Trust Dorsey Wright Focus 5 ETF by 1.4% during the 4th quarter. Clark Capital Management Group Inc. now owns 21,648 shares of the company’s stock valued at $1,362,000 after purchasing an additional 305 shares during the period. Finally, Topsail Wealth Management LLC grew its stake in First Trust Dorsey Wright Focus 5 ETF by 2.1% during the 1st quarter. Topsail Wealth Management LLC now owns 15,622 shares of the company’s stock worth $944,000 after buying an additional 328 shares during the last quarter.

First Trust Dorsey Wright Focus 5 ETF Price Performance

Shares of FV stock traded up $0.63 during trading hours on Thursday, hitting $73.82. The company had a trading volume of 63,656 shares, compared to its average volume of 108,635. The company’s fifty day moving average is $72.02 and its 200 day moving average is $67.83. First Trust Dorsey Wright Focus 5 ETF has a fifty-two week low of $58.33 and a fifty-two week high of $76.08. The stock has a market capitalization of $3.83 billion, a PE ratio of 19.48 and a beta of 1.09.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

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

About First Trust Dorsey Wright Focus 5 ETF

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.