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

First Trust Horizon Managed Volatility Domestic ETF (NYSEARCA:HUSV) saw a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 24,356 shares, a growth of 28.1% from the December 15th total of 19,017 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average daily volume of 8,007 shares, the short-interest ratio is currently 3.0 days. Based on an average daily volume of 8,007 shares, the short-interest ratio is currently 3.0 days. Approximately 1.0% of the shares of the stock are sold short.

Institutional Trading of First Trust Horizon Managed Volatility Domestic ETF

Several hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. bought a new stake in First Trust Horizon Managed Volatility Domestic ETF during the 1st quarter worth about $565,000. Intrepid Financial Planning Group LLC grew its position in shares of First Trust Horizon Managed Volatility Domestic ETF by 110.8% during the 2nd quarter. Intrepid Financial Planning Group LLC now owns 40,153 shares of the company’s stock worth $1,603,000 after buying an additional 21,108 shares during the period. J.W. Cole Advisors Inc. raised its stake in shares of First Trust Horizon Managed Volatility Domestic ETF by 3.9% during the second quarter. J.W. Cole Advisors Inc. now owns 15,690 shares of the company’s stock worth $627,000 after buying an additional 585 shares during the last quarter. Raymond James Financial Inc. raised its stake in shares of First Trust Horizon Managed Volatility Domestic ETF by 7.0% during the second quarter. Raymond James Financial Inc. now owns 15,116 shares of the company’s stock worth $604,000 after buying an additional 991 shares during the last quarter. Finally, Benjamin Edwards Inc. lifted its holdings in First Trust Horizon Managed Volatility Domestic ETF by 43.7% in the second quarter. Benjamin Edwards Inc. now owns 46,136 shares of the company’s stock valued at $1,842,000 after buying an additional 14,020 shares during the period.

First Trust Horizon Managed Volatility Domestic ETF Price Performance

Shares of NYSEARCA:HUSV traded up $0.17 during midday trading on Friday, reaching $39.55. The company’s stock had a trading volume of 18,482 shares, compared to its average volume of 27,207. The business’s fifty day simple moving average is $38.85 and its 200-day simple moving average is $39.32. The company has a market capitalization of $88.99 million, a P/E ratio of 24.59 and a beta of 0.65. First Trust Horizon Managed Volatility Domestic ETF has a fifty-two week low of $36.20 and a fifty-two week high of $40.57.

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.