Short Interest in First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) Drops By 76.7%

First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) saw a significant drop in short interest during the month of June. As of June 15th, there was short interest totaling 613 shares, a drop of 76.7% from the May 31st total of 2,629 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily trading volume, of 1,718 shares, the days-to-cover ratio is presently 0.4 days.

First Trust Dorsey Wright Dynamic Focus 5 ETF Trading Down 1.0%

Shares of NASDAQ FVC opened at $42.24 on Friday. First Trust Dorsey Wright Dynamic Focus 5 ETF has a 12-month low of $33.81 and a 12-month high of $43.04. The firm has a market capitalization of $114.05 million, a price-to-earnings ratio of 19.13 and a beta of 0.71. The firm has a 50 day moving average of $40.43 and a 200 day moving average of $38.12.

First Trust Dorsey Wright Dynamic Focus 5 ETF Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be paid a dividend of $0.0006 per share. This represents a $0.00 annualized dividend and a dividend yield of 0.0%. The ex-dividend date is Thursday, June 25th.

Institutional Investors Weigh In On First Trust Dorsey Wright Dynamic Focus 5 ETF

Hedge funds have recently modified their holdings of the business. Western Wealth Management LLC bought a new position in First Trust Dorsey Wright Dynamic Focus 5 ETF in the 1st quarter worth $27,000. Fifth Third Bancorp purchased a new position in First Trust Dorsey Wright Dynamic Focus 5 ETF during the first quarter valued at $90,000. Holos Integrated Wealth LLC bought a new stake in First Trust Dorsey Wright Dynamic Focus 5 ETF during the fourth quarter valued at about $279,000. NBT Bank N A NY grew its holdings in First Trust Dorsey Wright Dynamic Focus 5 ETF by 30,608.3% during the first quarter. NBT Bank N A NY now owns 11,055 shares of the company’s stock valued at $385,000 after purchasing an additional 11,019 shares during the period. Finally, Jane Street Group LLC purchased a new stake in First Trust Dorsey Wright Dynamic Focus 5 ETF in the fourth quarter worth about $535,000.

First Trust Dorsey Wright Dynamic Focus 5 ETF Company Profile

The First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC) is an exchange-traded fund that is based on the Dorsey Wright Dynamic Focus Five index. The fund tracks an index of global sector and industry ETFs, selected by price momentum and weighted equally. The fund can also allocate to cash in varying amounts based on momentum. FVC was launched on Mar 18, 2016 and is managed by First Trust.