First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) Sees Large Increase in Short Interest

First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) was the target of a significant growth in short interest in September. As of September 30th, there was short interest totaling 780 shares, a growth of 61.8% from the September 15th total of 482 shares. Approximately 0.5% of the shares of the company are short sold. Based on an average daily volume of 1,634 shares, the days-to-cover ratio is currently 0.5 days.

Hedge Funds Weigh In On First Trust Horizon Managed Volatility Small/Mid ETF

A number of hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. boosted its position in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 29.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 285,847 shares of the company’s stock valued at $10,940,000 after acquiring an additional 64,229 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 4.6% during the 1st quarter. Bank of New York Mellon Corp now owns 143,413 shares of the company’s stock valued at $5,187,000 after acquiring an additional 6,290 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in First Trust Horizon Managed Volatility Small/Mid ETF by 5.2% in the first quarter. Cetera Investment Advisers now owns 184,609 shares of the company’s stock valued at $6,677,000 after acquiring an additional 9,132 shares during the period.

First Trust Horizon Managed Volatility Small/Mid ETF Trading Up 0.4%

HSMV stock traded up $0.14 during midday trading on Friday, hitting $36.06. The stock had a trading volume of 14 shares, compared to its average volume of 8,020. The firm has a market capitalization of $5.41 million, a price-to-earnings ratio of 17.07 and a beta of 0.74. First Trust Horizon Managed Volatility Small/Mid ETF has a 52 week low of $35.00 and a 52 week high of $39.82. The stock has a 50-day simple moving average of $37.43 and a 200 day simple moving average of $37.72.

First Trust Horizon Managed Volatility Small/Mid ETF Company Profile

The First Trust Horizon Managed Volatility Small\u002FMid ETF (HSMV) is an exchange-traded fund that mostly invests in extended market equity. The fund is an active fund of small- and mid-cap US stocks selected based on volatility forecast. HSMV was launched on Apr 6, 2020 and is managed by First Trust.