Short Interest in First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV) Increases By 80.0%

First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV) saw a significant growth in short interest in the month of August. As of August 31st, there was short interest totaling 279 shares, a growth of 80.0% from the August 15th total of 155 shares. Based on an average daily volume of 1,058 shares, the days-to-cover ratio is presently 0.3 days. Currently, 0.1% of the company’s stock are sold short.

Institutional Trading of First Trust Horizon Managed Volatility Developed International ETF

Hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC boosted its holdings in First Trust Horizon Managed Volatility Developed International ETF by 5.3% in the second quarter. Citadel Advisors LLC now owns 36,932 shares of the company’s stock valued at $1,367,000 after purchasing an additional 1,851 shares during the last quarter. Independent Financial Group LLC acquired a new position in shares of First Trust Horizon Managed Volatility Developed International ETF in the 1st quarter valued at approximately $449,000. Finally, Ascentis Independent Advisors raised its position in shares of First Trust Horizon Managed Volatility Developed International ETF by 119.5% in the 1st quarter. Ascentis Independent Advisors now owns 35,619 shares of the company’s stock valued at $1,311,000 after purchasing an additional 19,392 shares in the last quarter.

First Trust Horizon Managed Volatility Developed International ETF Stock Down 0.6%

Shares of NYSEARCA HDMV traded down $0.21 on Wednesday, hitting $37.88. The company had a trading volume of 1,565 shares, compared to its average volume of 2,013. The firm has a market capitalization of $378,800.00, a P/E ratio of 16.77 and a beta of 0.45. First Trust Horizon Managed Volatility Developed International ETF has a 12-month low of $34.12 and a 12-month high of $39.53. The business has a 50 day moving average of $38.61 and a two-hundred day moving average of $37.82.

First Trust Horizon Managed Volatility Developed International ETF Company Profile

The First Trust Horizon Managed Volatility Developed International ETF (HDMV) is an exchange-traded fund that is based on the MSCI EAFE Minimum Volatility index. The fund is an actively-managed fund of low expected volatility mid and large-cap stocks from developed markets. HDMV was launched on Aug 24, 2016 and is managed by First Trust.