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

First Trust Horizon Managed Volatility Domestic ETF (NYSEARCA:HUSV) was the target of a significant drop in short interest during the month of December. As of December 15th, there was short interest totaling 19,017 shares, a drop of 42.1% from the November 30th total of 32,820 shares. Based on an average trading volume of 17,030 shares, the short-interest ratio is currently 1.1 days. Approximately 0.8% of the company’s shares are sold short. Approximately 0.8% of the company’s shares are sold short. Based on an average trading volume of 17,030 shares, the short-interest ratio is currently 1.1 days.

Institutional Trading of First Trust Horizon Managed Volatility Domestic ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Raymond James Financial Inc. boosted its position in shares of First Trust Horizon Managed Volatility Domestic ETF by 10.0% during the third quarter. Raymond James Financial Inc. now owns 16,635 shares of the company’s stock worth $663,000 after buying an additional 1,519 shares during the period. Orion Porfolio Solutions LLC acquired a new stake in shares of First Trust Horizon Managed Volatility Domestic ETF during the third quarter worth $200,000. J.W. Cole Advisors Inc. lifted its stake in First Trust Horizon Managed Volatility Domestic ETF by 1.9% during the third quarter. J.W. Cole Advisors Inc. now owns 15,985 shares of the company’s stock valued at $637,000 after buying an additional 295 shares in the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of First Trust Horizon Managed Volatility Domestic ETF by 17.5% during the third quarter. Envestnet Asset Management Inc. now owns 175,907 shares of the company’s stock valued at $7,007,000 after buying an additional 26,175 shares in the last quarter. Finally, Benjamin Edwards Inc. increased its holdings in shares of First Trust Horizon Managed Volatility Domestic ETF by 23.5% in the 3rd quarter. Benjamin Edwards Inc. now owns 56,975 shares of the company’s stock valued at $2,270,000 after purchasing an additional 10,839 shares during the period.

First Trust Horizon Managed Volatility Domestic ETF Price Performance

HUSV stock traded up $0.01 during trading on Tuesday, reaching $38.98. 5,339 shares of the stock traded hands, compared to its average volume of 13,481. The business’s 50 day moving average price is $38.79 and its 200-day moving average price is $39.39. The firm has a market capitalization of $93.56 million, a PE ratio of 24.59 and a beta of 0.65. First Trust Horizon Managed Volatility Domestic ETF has a 52-week low of $36.20 and a 52-week high of $40.57.

About First Trust Horizon Managed Volatility Domestic ETF

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.