First Trust Horizon Managed Volatility Domestic ETF (NYSEARCA:HUSV) Sees Large Growth in Short Interest

First Trust Horizon Managed Volatility Domestic ETF (NYSEARCA:HUSV) was the recipient of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 30,222 shares, a growth of 146.6% from the July 15th total of 12,254 shares. Approximately 1.7% of the company’s stock are short sold. Based on an average daily volume of 26,445 shares, the short-interest ratio is currently 1.1 days.

First Trust Horizon Managed Volatility Domestic ETF Stock Performance

Shares of HUSV stock traded down $0.06 during trading hours on Friday, hitting $41.37. 1,525 shares of the company were exchanged, compared to its average volume of 12,150. The stock has a market capitalization of $74.47 million, a price-to-earnings ratio of 24.59 and a beta of 0.58. The business’s 50-day simple moving average is $40.14 and its two-hundred day simple moving average is $39.57. First Trust Horizon Managed Volatility Domestic ETF has a one year low of $37.76 and a one year high of $41.86.

Institutional Investors Weigh In On First Trust Horizon Managed Volatility Domestic ETF

Several hedge funds have recently made changes to their positions in the company. LPL Financial LLC raised its position in First Trust Horizon Managed Volatility Domestic ETF by 18.1% during the fourth quarter. LPL Financial LLC now owns 294,634 shares of the company’s stock valued at $11,400,000 after acquiring an additional 45,100 shares in the last quarter. RFG Advisory LLC bought a new position in First Trust Horizon Managed Volatility Domestic ETF during the first quarter worth $1,685,000. Bank of New York Mellon Corp increased its holdings in shares of First Trust Horizon Managed Volatility Domestic ETF by 6.3% during the 1st quarter. Bank of New York Mellon Corp now owns 422,253 shares of the company’s stock worth $16,191,000 after purchasing an additional 24,901 shares during the period. Royal Bank of Canada raised its holdings in First Trust Horizon Managed Volatility Domestic ETF by 12,402.3% in the 1st quarter. Royal Bank of Canada now owns 21,504 shares of the company’s stock valued at $825,000 after acquiring an additional 21,332 shares in the last quarter. Finally, Cetera Investment Advisers raised its stake in shares of First Trust Horizon Managed Volatility Domestic ETF by 15.1% in the fourth quarter. Cetera Investment Advisers now owns 124,865 shares of the company’s stock valued at $4,831,000 after purchasing an additional 16,357 shares in the last quarter.

First Trust Horizon Managed Volatility Domestic ETF Company Profile

The First Trust Horizon Managed Volatility Domestic ETF (HUSV) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed fund that uses volatility forecasting to select and weight large-cap US stocks. HUSV was launched on Aug 24, 2016 and is managed by First Trust.