First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV) Sees Significant Decrease in Short Interest

First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV) saw a large drop in short interest in January. As of January 15th, there was short interest totaling 114 shares, a drop of 82.4% from the December 31st total of 648 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 19,267 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 19,267 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Investors Weigh In On First Trust Horizon Managed Volatility Developed International ETF

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

First Trust Horizon Managed Volatility Developed International ETF Price Performance

Shares of HDMV stock traded up $0.46 during trading hours on Tuesday, reaching $37.03. 914 shares of the stock were exchanged, compared to its average volume of 12,048. The business’s fifty day moving average is $35.36 and its two-hundred day moving average is $35.21. The firm has a market capitalization of $16.66 million, a P/E ratio of 16.77 and a beta of 0.51. First Trust Horizon Managed Volatility Developed International ETF has a 12-month low of $29.53 and a 12-month high of $37.03.

First Trust Horizon Managed Volatility Developed International ETF Company Profile

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.