First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC – Get Free Report) saw a large growth in short interest in the month of May. As of May 15th, there was short interest totaling 4,086 shares, a growth of 158.1% from the April 30th total of 1,583 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 2,701 shares, the days-to-cover ratio is presently 1.5 days.
First Trust Dorsey Wright Dynamic Focus 5 ETF Stock Performance
FVC stock traded down $0.11 during trading on Friday, hitting $41.63. 2,041 shares of the company traded hands, compared to its average volume of 6,421. The firm has a market capitalization of $112.40 million, a PE ratio of 19.13 and a beta of 0.70. First Trust Dorsey Wright Dynamic Focus 5 ETF has a 1 year low of $33.81 and a 1 year high of $41.79. The company has a 50-day moving average of $37.83 and a 200-day moving average of $37.28.
Hedge Funds Weigh In On First Trust Dorsey Wright Dynamic Focus 5 ETF
Several hedge funds have recently made changes to their positions in the business. Sun Financial Inc bought a new position in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF during the fourth quarter valued at approximately $861,000. Kestra Advisory Services LLC raised its holdings in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 21.0% during the first quarter. Kestra Advisory Services LLC now owns 16,024 shares of the company’s stock valued at $558,000 after acquiring an additional 2,785 shares in the last quarter. Jane Street Group LLC bought a new position in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF during the fourth quarter valued at approximately $535,000. Mariner LLC raised its holdings in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 4.9% during the third quarter. Mariner LLC now owns 25,883 shares of the company’s stock valued at $934,000 after acquiring an additional 1,213 shares in the last quarter. Finally, Raymond James Financial Inc. raised its holdings in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 62.0% during the second quarter. Raymond James Financial Inc. now owns 348,035 shares of the company’s stock valued at $12,366,000 after acquiring an additional 133,233 shares in the last quarter.
First Trust Dorsey Wright Dynamic Focus 5 ETF Company Profile
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.
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