Short Interest in First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Grows By 105.8%

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FVGet Free Report) was the recipient of a significant growth in short interest in August. As of August 14th, there was short interest totaling 83,242 shares, a growth of 105.8% from the July 30th total of 40,450 shares. Based on an average trading volume of 66,643 shares, the days-to-cover ratio is currently 1.2 days. Approximately 0.2% of the company’s stock are short sold.

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

Several institutional investors have recently modified their holdings of FV. AlphaCore Capital LLC bought a new stake in shares of First Trust Dorsey Wright Focus 5 ETF in the fourth quarter worth approximately $8,977,000. Benjamin Edwards Inc. raised its stake in First Trust Dorsey Wright Focus 5 ETF by 663.4% during the 4th quarter. Benjamin Edwards Inc. now owns 142,054 shares of the company’s stock valued at $8,941,000 after buying an additional 123,447 shares during the last quarter. Gateway Wealth Partners LLC lifted its holdings in shares of First Trust Dorsey Wright Focus 5 ETF by 99.2% during the 1st quarter. Gateway Wealth Partners LLC now owns 214,630 shares of the company’s stock valued at $12,972,000 after buying an additional 106,877 shares during the period. NewEdge Advisors LLC boosted its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 11.4% in the 3rd quarter. NewEdge Advisors LLC now owns 940,514 shares of the company’s stock worth $58,237,000 after buying an additional 96,612 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of First Trust Dorsey Wright Focus 5 ETF by 61.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 224,743 shares of the company’s stock worth $14,141,000 after buying an additional 85,668 shares during the last quarter.

First Trust Dorsey Wright Focus 5 ETF Price Performance

Shares of First Trust Dorsey Wright Focus 5 ETF stock opened at $73.24 on Friday. The stock has a market cap of $3.80 billion, a price-to-earnings ratio of 19.48 and a beta of 1.09. The firm’s 50-day moving average is $72.26 and its 200 day moving average is $68.42. First Trust Dorsey Wright Focus 5 ETF has a 1 year low of $58.33 and a 1 year high of $76.08.

First Trust Dorsey Wright Focus 5 ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $0.0761 dividend. This is a boost from First Trust Dorsey Wright Focus 5 ETF’s previous quarterly dividend of $0.05. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.30 annualized dividend and a yield of 0.4%.

About First Trust Dorsey Wright Focus 5 ETF

(Get Free Report)

The First Trust Dorsey Wright Focus 5 ETF (FV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an equal-weighted index of US and global ETFs issued by First Trust. The index selects 5 ETFs based on relative price momentum. FV was launched on Mar 6, 2014 and is managed by First Trust.

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