First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV) Short Interest Up 640.4% in January

First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV) saw a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 844 shares, a growth of 640.4% from the January 15th total of 114 shares. Based on an average trading volume of 1,795 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average trading volume of 1,795 shares, the days-to-cover ratio is currently 0.5 days.

First Trust Horizon Managed Volatility Developed International ETF Stock Performance

Shares of HDMV traded up $0.05 during mid-day trading on Thursday, hitting $38.57. 716 shares of the company’s stock were exchanged, compared to its average volume of 7,638. The company has a market cap of $17.36 million, a price-to-earnings ratio of 16.77 and a beta of 0.51. The stock’s 50-day moving average is $35.93 and its 200-day moving average is $35.41. First Trust Horizon Managed Volatility Developed International ETF has a fifty-two week low of $29.93 and a fifty-two week high of $38.59.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of HDMV. Fountainhead AM LLC acquired a new stake in First Trust Horizon Managed Volatility Developed International ETF in the 2nd quarter valued at about $238,000. Bay Colony Advisory Group Inc d b a Bay Colony Advisors purchased a new stake in shares of First Trust Horizon Managed Volatility Developed International ETF in the 2nd quarter valued at approximately $200,000. LPL Financial LLC raised its holdings in shares of First Trust Horizon Managed Volatility Developed International ETF by 8.7% in the 4th quarter. LPL Financial LLC now owns 194,781 shares of the company’s stock valued at $6,882,000 after purchasing an additional 15,597 shares in the last quarter. Citadel Advisors LLC grew its stake in shares of First Trust Horizon Managed Volatility Developed International ETF by 62.1% during the third quarter. Citadel Advisors LLC now owns 33,450 shares of the company’s stock worth $1,160,000 after purchasing an additional 12,815 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in First Trust Horizon Managed Volatility Developed International ETF in the second quarter valued at $863,000.

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.