Short Interest in First Trust Horizon Managed Volatility Domestic ETF (NYSEARCA:HUSV) Drops By 28.8%

First Trust Horizon Managed Volatility Domestic ETF (NYSEARCA:HUSV) was the target of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 17,335 shares, a drop of 28.8% from the December 31st total of 24,356 shares. Currently, 0.8% of the company’s shares are sold short. Based on an average daily volume of 28,141 shares, the short-interest ratio is presently 0.6 days. Based on an average daily volume of 28,141 shares, the short-interest ratio is presently 0.6 days. Currently, 0.8% of the company’s shares are sold short.

First Trust Horizon Managed Volatility Domestic ETF Stock Performance

Shares of NYSEARCA HUSV opened at $39.40 on Friday. The business’s 50 day moving average price is $38.99 and its 200-day moving average price is $39.29. First Trust Horizon Managed Volatility Domestic ETF has a fifty-two week low of $36.20 and a fifty-two week high of $40.57. The company has a market cap of $88.65 million, a price-to-earnings ratio of 24.59 and a beta of 0.65.

Institutional Trading of First Trust Horizon Managed Volatility Domestic ETF

Several institutional investors and hedge funds have recently made changes to their positions in HUSV. Goldman Sachs Group Inc. purchased a new position in First Trust Horizon Managed Volatility Domestic ETF in the 1st quarter worth about $565,000. Intrepid Financial Planning Group LLC grew its stake in First Trust Horizon Managed Volatility Domestic ETF by 110.8% in the 2nd quarter. Intrepid Financial Planning Group LLC now owns 40,153 shares of the company’s stock worth $1,603,000 after acquiring an additional 21,108 shares in the last quarter. J.W. Cole Advisors Inc. increased its position in shares of First Trust Horizon Managed Volatility Domestic ETF by 3.9% during the second quarter. J.W. Cole Advisors Inc. now owns 15,690 shares of the company’s stock worth $627,000 after acquiring an additional 585 shares during the period. Raymond James Financial Inc. increased its position in shares of First Trust Horizon Managed Volatility Domestic ETF by 7.0% during the second quarter. Raymond James Financial Inc. now owns 15,116 shares of the company’s stock worth $604,000 after acquiring an additional 991 shares during the period. Finally, Benjamin Edwards Inc. raised its stake in shares of First Trust Horizon Managed Volatility Domestic ETF by 43.7% during the second quarter. Benjamin Edwards Inc. now owns 46,136 shares of the company’s stock valued at $1,842,000 after acquiring an additional 14,020 shares in the last quarter.

About First Trust Horizon Managed Volatility Domestic ETF

The First Trust Horizon Managed Volatility Domestic ETF (HUSV) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed fund that uses volatility forecasting to select and weight large-cap US stocks. HUSV was launched on Aug 24, 2016 and is managed by First Trust.