First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) Short Interest Down 45.6% in May

First Trust Dorsey Wright Focus 5 ETF (NASDAQ:FV) was the target of a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 29,370 shares, a decline of 45.6% from the May 14th total of 53,954 shares. Based on an average daily trading volume, of 75,379 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. NewEdge Advisors LLC raised its holdings in First Trust Dorsey Wright Focus 5 ETF by 11.4% during the 3rd quarter. NewEdge Advisors LLC now owns 940,514 shares of the company’s stock worth $58,237,000 after purchasing an additional 96,612 shares during the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in First Trust Dorsey Wright Focus 5 ETF by 1.5% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 565,496 shares of the company’s stock worth $35,581,000 after purchasing an additional 8,510 shares during the last quarter. Sard Wealth Management Group LLC raised its holdings in First Trust Dorsey Wright Focus 5 ETF by 1.2% during the 4th quarter. Sard Wealth Management Group LLC now owns 470,168 shares of the company’s stock worth $29,583,000 after purchasing an additional 5,804 shares during the last quarter. Cetera Investment Advisers raised its holdings in First Trust Dorsey Wright Focus 5 ETF by 0.9% during the 1st quarter. Cetera Investment Advisers now owns 403,640 shares of the company’s stock worth $24,395,000 after purchasing an additional 3,749 shares during the last quarter. Finally, Madrona Financial Services LLC raised its holdings in First Trust Dorsey Wright Focus 5 ETF by 1.0% during the 4th quarter. Madrona Financial Services LLC now owns 401,734 shares of the company’s stock worth $25,277,000 after purchasing an additional 4,130 shares during the last quarter.

First Trust Dorsey Wright Focus 5 ETF Trading Up 0.9%

Shares of First Trust Dorsey Wright Focus 5 ETF stock traded up $0.66 during trading on Friday, reaching $73.56. The company’s stock had a trading volume of 40,489 shares, compared to its average volume of 125,488. The stock has a 50-day moving average price of $68.09 and a two-hundred day moving average price of $65.39. First Trust Dorsey Wright Focus 5 ETF has a one year low of $57.00 and a one year high of $74.61. The stock has a market capitalization of $3.88 billion, a P/E ratio of 19.48 and a beta of 1.09.

First Trust Dorsey Wright Focus 5 ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.0514 dividend. This represents a $0.21 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Thursday, March 26th.

First Trust Dorsey Wright Focus 5 ETF Company Profile

The First Trust Dorsey Wright Focus 5 ETF (FV) is an exchange-traded fund that mostly invests in total market equity. The fund tracks an equal-weighted index of US and global ETFs issued by First Trust. The index selects 5 ETFs based on relative price momentum. FV was launched on Mar 6, 2014 and is managed by First Trust.