First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV – Get Free Report) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 190 shares, a drop of 70.4% from the May 31st total of 642 shares. Based on an average daily volume of 332 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.0% of the company’s shares are short sold.
Hedge Funds Weigh In On First Trust Horizon Managed Volatility Developed International ETF
A number of hedge funds have recently added to or reduced their stakes in HDMV. Jane Street Group LLC purchased a new position in shares of First Trust Horizon Managed Volatility Developed International ETF during the second quarter worth approximately $863,000. Ascentis Independent Advisors grew its stake in First Trust Horizon Managed Volatility Developed International ETF by 119.5% in the first quarter. Ascentis Independent Advisors now owns 35,619 shares of the company’s stock worth $1,311,000 after purchasing an additional 19,392 shares in the last quarter. LPL Financial LLC grew its stake in First Trust Horizon Managed Volatility Developed International ETF by 8.7% in the fourth quarter. LPL Financial LLC now owns 194,781 shares of the company’s stock worth $6,882,000 after purchasing an additional 15,597 shares in the last quarter. Citadel Advisors LLC grew its stake in First Trust Horizon Managed Volatility Developed International ETF by 62.1% in the third quarter. Citadel Advisors LLC now owns 33,450 shares of the company’s stock worth $1,160,000 after purchasing an additional 12,815 shares in the last quarter. Finally, Independent Financial Group LLC purchased a new position in First Trust Horizon Managed Volatility Developed International ETF during the 1st quarter worth $449,000.
First Trust Horizon Managed Volatility Developed International ETF Trading Up 0.4%
NYSEARCA HDMV opened at $37.18 on Tuesday. The company’s 50-day moving average price is $37.47 and its 200-day moving average price is $37.04. The stock has a market cap of $16.73 million, a PE ratio of 16.77 and a beta of 0.46. First Trust Horizon Managed Volatility Developed International ETF has a 12 month low of $34.12 and a 12 month high of $39.22.
First Trust Horizon Managed Volatility Developed International ETF Company Profile
The First Trust Horizon Managed Volatility Developed International ETF (HDMV) is an exchange-traded fund that is based on the MSCI EAFE Minimum Volatility index. The fund is an actively-managed fund of low expected volatility mid and large-cap stocks from developed markets. HDMV was launched on Aug 24, 2016 and is managed by First Trust.
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