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

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV – Get Free Report) was the recipient of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 29,370 shares, a decline of 45.6% from the May 14th total of 53,954 shares. Approximately 0.1% of the company’s shares are short sold. Based on an average trading volume of 75,379 shares, the short-interest ratio is currently 0.4 days.

Hedge Funds Weigh In On First Trust Dorsey Wright Focus 5 ETF

Hedge funds have recently made changes to their positions in the stock. Elevated Capital Advisors LLC acquired a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the 4th quarter valued at $30,000. EPG Wealth Management LLC acquired a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the 4th quarter valued at $32,000. Asset Dedication LLC acquired a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the 3rd quarter valued at $43,000. TD Capital Management LLC acquired a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the 4th quarter valued at $50,000. Finally, Burkett Financial Services LLC acquired a new position in shares of First Trust Dorsey Wright Focus 5 ETF in the 3rd quarter valued at $51,000.

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First Trust Dorsey Wright Focus 5 ETF Price Performance

FV stock traded up $0.15 during midday trading on Monday, hitting $73.71. The stock had a trading volume of 65,196 shares, compared to its average volume of 124,954. The firm has a market cap of $3.88 billion, a PE ratio of 19.48 and a beta of 1.09. First Trust Dorsey Wright Focus 5 ETF has a 12-month low of $57.00 and a 12-month high of $74.61. The company’s 50-day moving average price is $68.09 and its 200 day moving average price is $65.43.

First Trust Dorsey Wright Focus 5 ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a dividend of $0.0514 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.21 dividend on an annualized basis and a yield of 0.3%.

First Trust Dorsey Wright Focus 5 ETF Company Profile

(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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