First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV) Short Interest Update

First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV) was the target of a significant growth in short interest during the month of December. As of December 31st, there was short interest totaling 648 shares, a growth of 582.1% from the December 15th total of 95 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average trading volume of 1,393 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 1,393 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.1% of the shares of the stock are sold short.

First Trust Horizon Managed Volatility Developed International ETF Price Performance

HDMV traded up $0.13 during trading on Monday, hitting $35.85. 1,687 shares of the stock traded hands, compared to its average volume of 26,455. The business has a 50 day moving average price of $35.15 and a 200 day moving average price of $35.14. First Trust Horizon Managed Volatility Developed International ETF has a twelve month low of $28.26 and a twelve month high of $36.13. The company has a market cap of $23.30 million, a price-to-earnings ratio of 16.77 and a beta of 0.51.

Institutional Trading of First Trust Horizon Managed Volatility Developed International ETF

Several institutional investors and hedge funds have recently modified their holdings of HDMV. Raymond James Financial Inc. bought a new stake in shares of First Trust Horizon Managed Volatility Developed International ETF during the 2nd quarter worth $83,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors acquired a new position in First Trust Horizon Managed Volatility Developed International ETF during the second quarter worth about $200,000. Fountainhead AM LLC acquired a new position in First Trust Horizon Managed Volatility Developed International ETF during the second quarter worth about $238,000. Gladstone Institutional Advisory LLC bought a new position in shares of First Trust Horizon Managed Volatility Developed International ETF in the third quarter worth about $278,000. Finally, Envestnet Asset Management Inc. boosted its stake in shares of First Trust Horizon Managed Volatility Developed International ETF by 17.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 9,137 shares of the company’s stock valued at $317,000 after purchasing an additional 1,364 shares in the last quarter.

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.