First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) Sees Significant Growth in Short Interest

First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) was the recipient of a significant growth in short interest in July. As of July 31st, there was short interest totaling 3,335 shares, a growth of 296.6% from the July 15th total of 841 shares. Based on an average daily trading volume, of 2,025 shares, the short-interest ratio is presently 1.6 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Trading of First Trust Dorsey Wright Dynamic Focus 5 ETF

Several institutional investors have recently made changes to their positions in the company. Sun Financial Inc purchased a new position in First Trust Dorsey Wright Dynamic Focus 5 ETF during the fourth quarter worth about $861,000. Jane Street Group LLC purchased a new stake in First Trust Dorsey Wright Dynamic Focus 5 ETF in the 4th quarter valued at about $535,000. Susquehanna International Group LLP lifted its position in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 375.6% during the 3rd quarter. Susquehanna International Group LLP now owns 28,196 shares of the company’s stock worth $1,017,000 after buying an additional 22,268 shares in the last quarter. Mariner LLC lifted its position in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 4.9% during the 3rd quarter. Mariner LLC now owns 25,883 shares of the company’s stock worth $934,000 after buying an additional 1,213 shares in the last quarter. Finally, Osaic Holdings Inc. boosted its stake in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 36.0% in the 2nd quarter. Osaic Holdings Inc. now owns 24,423 shares of the company’s stock worth $868,000 after buying an additional 6,467 shares during the last quarter.

First Trust Dorsey Wright Dynamic Focus 5 ETF Stock Performance

FVC traded down $0.15 during midday trading on Friday, reaching $42.41. 1,113 shares of the company were exchanged, compared to its average volume of 4,992. The company has a market cap of $110.27 million, a price-to-earnings ratio of 19.13 and a beta of 0.71. First Trust Dorsey Wright Dynamic Focus 5 ETF has a one year low of $33.81 and a one year high of $44.23. The company’s fifty day moving average price is $41.52 and its 200 day moving average price is $39.10.

First Trust Dorsey Wright Dynamic Focus 5 ETF Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a dividend of $0.0006 per share. The ex-dividend date was Thursday, June 25th. This represents a $0.00 annualized dividend and a yield of 0.0%.

About First Trust Dorsey Wright Dynamic Focus 5 ETF

The First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC) is an exchange-traded fund that is based on the Dorsey Wright Dynamic Focus Five index. The fund tracks an index of global sector and industry ETFs, selected by price momentum and weighted equally. The fund can also allocate to cash in varying amounts based on momentum. FVC was launched on Mar 18, 2016 and is managed by First Trust.