First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) Sees Significant Increase in Short Interest

First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) saw a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 1,536 shares, an increase of 73.4% from the December 15th total of 886 shares. Based on an average daily volume of 1,761 shares, the days-to-cover ratio is presently 0.9 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 1,761 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Trading of First Trust Horizon Managed Volatility Small/Mid ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Osaic Holdings Inc. increased its stake in First Trust Horizon Managed Volatility Small/Mid ETF by 226.3% during the 2nd quarter. Osaic Holdings Inc. now owns 5,224 shares of the company’s stock valued at $187,000 after buying an additional 3,623 shares during the period. Two Sigma Investments LP purchased a new stake in First Trust Horizon Managed Volatility Small/Mid ETF in the 3rd quarter worth about $263,000. Certior Financial Group LLC boosted its position in First Trust Horizon Managed Volatility Small/Mid ETF by 4.1% during the 3rd quarter. Certior Financial Group LLC now owns 8,024 shares of the company’s stock worth $292,000 after acquiring an additional 314 shares during the period. Cetera Investment Advisers grew its stake in First Trust Horizon Managed Volatility Small/Mid ETF by 5.6% during the 2nd quarter. Cetera Investment Advisers now owns 155,405 shares of the company’s stock valued at $5,571,000 after acquiring an additional 8,187 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 3.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 189,446 shares of the company’s stock valued at $6,791,000 after purchasing an additional 5,570 shares during the period.

First Trust Horizon Managed Volatility Small/Mid ETF Stock Up 0.2%

Shares of NYSEARCA:HSMV traded up $0.08 during midday trading on Friday, reaching $37.00. The company’s stock had a trading volume of 1,657 shares, compared to its average volume of 1,614. The firm has a market cap of $29.60 million, a price-to-earnings ratio of 17.07 and a beta of 0.82. The business has a 50 day moving average price of $35.97 and a 200 day moving average price of $36.04. First Trust Horizon Managed Volatility Small/Mid ETF has a 1 year low of $32.22 and a 1 year high of $37.16.

First Trust Horizon Managed Volatility Small/Mid ETF Company Profile

The First Trust Horizon Managed Volatility Small\u002FMid ETF (HSMV) is an exchange-traded fund that mostly invests in extended market equity. The fund is an active fund of small- and mid-cap US stocks selected based on volatility forecast. HSMV was launched on Apr 6, 2020 and is managed by First Trust.