First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV – Get Free Report) was the recipient of a large growth in short interest in the month of July. As of July 15th, there was short interest totaling 885 shares, a growth of 302.3% from the June 30th total of 220 shares. Based on an average daily volume of 389 shares, the short-interest ratio is currently 2.3 days. Approximately 0.2% of the shares of the company are sold short.
First Trust Horizon Managed Volatility Developed International ETF Trading Up 0.6%
Shares of NYSEARCA HDMV opened at $38.48 on Tuesday. The firm has a 50 day moving average of $37.53 and a 200 day moving average of $37.41. The firm has a market capitalization of $17.32 million, a price-to-earnings 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.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently modified their holdings of the business. Jane Street Group LLC bought a new stake in shares of First Trust Horizon Managed Volatility Developed International ETF during the 2nd quarter valued at $863,000. Ascentis Independent Advisors lifted its position in First Trust Horizon Managed Volatility Developed International ETF by 119.5% during the first quarter. Ascentis Independent Advisors now owns 35,619 shares of the company’s stock valued at $1,311,000 after purchasing an additional 19,392 shares in the last quarter. LPL Financial LLC lifted its position in First Trust Horizon Managed Volatility Developed International ETF by 8.7% during the fourth quarter. LPL Financial LLC now owns 194,781 shares of the company’s stock valued at $6,882,000 after purchasing an additional 15,597 shares in the last quarter. Citadel Advisors LLC grew its holdings in First Trust Horizon Managed Volatility Developed International ETF by 62.1% during the third quarter. Citadel Advisors LLC now owns 33,450 shares of the company’s stock valued at $1,160,000 after purchasing an additional 12,815 shares during the period. Finally, Independent Financial Group LLC bought a new stake in First Trust Horizon Managed Volatility Developed International ETF during the first quarter valued at about $449,000.
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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