Short Interest in First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV) Increases By 185.0%

First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV) was the target of a significant increase in short interest in February. As of February 27th, there was short interest totaling 647 shares, an increase of 185.0% from the February 12th total of 227 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 1,742 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily volume of 1,742 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.1% of the company’s shares are short sold.

First Trust Horizon Managed Volatility Developed International ETF Stock Down 0.9%

HDMV traded down $0.35 during trading on Thursday, hitting $36.72. The company’s stock had a trading volume of 906 shares, compared to its average volume of 5,102. The firm has a market capitalization of $16.52 million, a P/E ratio of 16.77 and a beta of 0.51. First Trust Horizon Managed Volatility Developed International ETF has a twelve month low of $29.93 and a twelve month high of $39.22. The stock’s fifty day moving average price is $37.21 and its 200-day moving average price is $35.83.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of HDMV. Raymond James Financial Inc. acquired a new stake in First Trust Horizon Managed Volatility Developed International ETF in the second quarter worth $83,000. Fountainhead AM LLC acquired a new position in shares of First Trust Horizon Managed Volatility Developed International ETF during the second quarter valued at about $238,000. Lido Advisors LLC acquired a new position in shares of First Trust Horizon Managed Volatility Developed International ETF during the fourth quarter valued at about $248,000. Gladstone Institutional Advisory LLC bought a new position in shares of First Trust Horizon Managed Volatility Developed International ETF during the 3rd quarter worth about $278,000. Finally, Envestnet Asset Management Inc. boosted its position in shares of First Trust Horizon Managed Volatility Developed International ETF by 17.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 9,137 shares of the company’s stock worth $317,000 after purchasing an additional 1,364 shares in the last quarter.

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.