First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) Sees Significant Decrease in Short Interest

First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC – Get Free Report) was the recipient of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 613 shares, a decrease of 76.7% from the May 31st total of 2,629 shares. Based on an average daily volume of 1,718 shares, the short-interest ratio is presently 0.4 days. Currently, 0.0% of the company’s stock are sold short.

First Trust Dorsey Wright Dynamic Focus 5 ETF Price Performance

Shares of FVC traded down $0.44 during trading hours on Friday, hitting $42.24. The stock had a trading volume of 2,052 shares, compared to its average volume of 5,847. First Trust Dorsey Wright Dynamic Focus 5 ETF has a 1-year low of $33.81 and a 1-year high of $43.04. The firm has a market capitalization of $114.05 million, a P/E ratio of 19.13 and a beta of 0.71. The firm has a 50 day simple moving average of $40.43 and a 200-day simple moving average of $38.12.

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First Trust Dorsey Wright Dynamic Focus 5 ETF Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th will be issued a $0.0006 dividend. The ex-dividend date is Thursday, June 25th. This represents a $0.00 annualized dividend and a yield of 0.0%.

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

Hedge funds and other institutional investors have recently modified their holdings of the company. Sun Financial Inc acquired a new position in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF during the fourth quarter worth approximately $861,000. Geneos Wealth Management Inc. increased its stake in First Trust Dorsey Wright Dynamic Focus 5 ETF by 146.9% during the 2nd quarter. Geneos Wealth Management Inc. now owns 32,160 shares of the company’s stock valued at $1,143,000 after purchasing an additional 19,137 shares in the last quarter. Kestra Advisory Services LLC raised its holdings in 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 worth $558,000 after buying an additional 2,785 shares during the last quarter. Fifth Third Bancorp acquired a new position in First Trust Dorsey Wright Dynamic Focus 5 ETF during the first quarter worth $90,000. Finally, Jane Street Group LLC bought a new position in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF in the fourth quarter valued at $535,000.

First Trust Dorsey Wright Dynamic Focus 5 ETF Company Profile

(Get Free Report)

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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