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 September. As of September 15th, there was short interest totaling 154 shares, a drop of 44.8% from the August 31st total of 279 shares. Based on an average trading volume of 526 shares, the short-interest ratio is currently 0.3 days. Approximately 0.0% of the company’s shares are short sold.
First Trust Horizon Managed Volatility Developed International ETF Price Performance
Shares of HDMV stock traded down $0.35 during trading hours on Thursday, hitting $35.70. The company had a trading volume of 2,355 shares, compared to its average volume of 1,956. The company’s fifty day moving average is $38.42 and its 200 day moving average is $37.78. First Trust Horizon Managed Volatility Developed International ETF has a fifty-two week low of $34.12 and a fifty-two week high of $39.53. The stock has a market capitalization of $14.28 million, a PE ratio of 16.77 and a beta of 0.45.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the company. Ascentis Independent Advisors boosted its position in shares of 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 worth $1,311,000 after buying an additional 19,392 shares during the period. Independent Financial Group LLC purchased a new stake in shares of First Trust Horizon Managed Volatility Developed International ETF in the 1st quarter valued at $449,000. Finally, Citadel Advisors LLC raised its holdings in shares of First Trust Horizon Managed Volatility Developed International ETF by 5.3% in the 2nd quarter. Citadel Advisors LLC now owns 36,932 shares of the company’s stock valued at $1,367,000 after buying an additional 1,851 shares during the period.
About First Trust Horizon Managed Volatility Developed International ETF
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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