First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) Sees Significant Increase in Short Interest

First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) saw a large growth in short interest in February. As of February 13th, there was short interest totaling 2,178 shares, a growth of 34.2% from the January 29th total of 1,623 shares. Approximately 0.3% of the shares of the stock are sold short. Based on an average daily volume of 1,986 shares, the short-interest ratio is currently 1.1 days. Based on an average daily volume of 1,986 shares, the short-interest ratio is currently 1.1 days. Approximately 0.3% of the shares of the stock are sold short.

Hedge Funds Weigh In On First Trust Horizon Managed Volatility Small/Mid ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. increased its position in First Trust Horizon Managed Volatility Small/Mid ETF by 7.9% during the third quarter. Envestnet Asset Management Inc. now owns 204,348 shares of the company’s stock worth $7,433,000 after buying an additional 14,902 shares in the last quarter. Cetera Investment Advisers boosted its stake in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 2.6% during the fourth quarter. Cetera Investment Advisers now owns 175,477 shares of the company’s stock valued at $6,256,000 after acquiring an additional 4,411 shares during the last quarter. LPL Financial LLC increased its position in First Trust Horizon Managed Volatility Small/Mid ETF by 7.5% during the 4th quarter. LPL Financial LLC now owns 163,070 shares of the company’s stock worth $5,813,000 after purchasing an additional 11,402 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in First Trust Horizon Managed Volatility Small/Mid ETF by 595.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 37,863 shares of the company’s stock valued at $1,350,000 after purchasing an additional 32,418 shares during the last quarter. Finally, Principal Securities Inc. raised its stake in First Trust Horizon Managed Volatility Small/Mid ETF by 10.1% in the 4th quarter. Principal Securities Inc. now owns 15,488 shares of the company’s stock valued at $552,000 after purchasing an additional 1,419 shares during the last quarter.

First Trust Horizon Managed Volatility Small/Mid ETF Trading Up 0.4%

Shares of HSMV traded up $0.16 during trading hours on Monday, reaching $38.44. The company had a trading volume of 1,120 shares, compared to its average volume of 1,843. The firm has a 50 day simple moving average of $36.96 and a 200-day simple moving average of $36.37. First Trust Horizon Managed Volatility Small/Mid ETF has a 12-month low of $32.22 and a 12-month high of $38.45. The company has a market capitalization of $30.75 million, a price-to-earnings ratio of 17.07 and a beta of 0.82.

About First Trust Horizon Managed Volatility Small/Mid ETF

The First Trust Horizon Managed Volatility Small\u002FMid ETF (HSMV) is an exchange-traded fund that mostly invests in extended market equity. The fund is an active fund of small- and mid-cap US stocks selected based on volatility forecast. HSMV was launched on Apr 6, 2020 and is managed by First Trust.