First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) Stock Short Interest Drops 75.3%

First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) was the recipient of a large drop in short interest in the month of September. As of September 15th, there was short interest totaling 4,565 shares, a drop of 75.3% from the August 31st total of 18,501 shares. Currently, 0.2% of the company’s stock are sold short. Based on an average daily trading volume, of 5,308 shares, the short-interest ratio is currently 0.9 days.

First Trust Dorsey Wright Dynamic Focus 5 ETF Price Performance

FVC traded up $0.23 during trading on Friday, reaching $42.91. The company had a trading volume of 1,758 shares, compared to its average volume of 4,814. The business’s fifty day moving average price is $41.75 and its 200 day moving average price is $40.06. The company has a market cap of $111.58 million, a P/E ratio of 19.13 and a beta of 0.72. First Trust Dorsey Wright Dynamic Focus 5 ETF has a 12 month low of $33.81 and a 12 month high of $44.23.

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

Several institutional investors have recently bought and sold shares of FVC. Western Wealth Management LLC bought a new stake in First Trust Dorsey Wright Dynamic Focus 5 ETF in the 1st quarter valued at approximately $27,000. Integrated Wealth Concepts LLC bought a new position in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF during the 2nd quarter worth approximately $39,000. Fifth Third Bancorp acquired a new stake in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF in the first quarter valued at approximately $90,000. Kestra Advisory Services LLC raised its holdings in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 21.0% in the first quarter. Kestra Advisory Services LLC now owns 16,024 shares of the company’s stock valued at $558,000 after purchasing an additional 2,785 shares during the last quarter. Finally, Geneos Wealth Management Inc. grew its position in First Trust Dorsey Wright Dynamic Focus 5 ETF by 10.4% in the first quarter. Geneos Wealth Management Inc. now owns 29,640 shares of the company’s stock valued at $1,032,000 after purchasing an additional 2,800 shares in the last quarter.

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.