First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) Sees Significant Decline in Short Interest

First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) was the recipient of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 2,629 shares, a decline of 35.7% from the May 14th total of 4,086 shares. Based on an average daily trading volume, of 1,351 shares, the short-interest ratio is currently 1.9 days. Approximately 0.1% of the company’s stock are short sold.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Western Wealth Management LLC purchased a new stake in First Trust Dorsey Wright Dynamic Focus 5 ETF during the 1st quarter worth $27,000. Fifth Third Bancorp bought a new stake in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF in the 1st quarter worth about $90,000. Holos Integrated Wealth LLC bought a new stake in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF in the 4th quarter worth about $279,000. NBT Bank N A NY increased its position in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 30,608.3% in the 1st quarter. NBT Bank N A NY now owns 11,055 shares of the company’s stock worth $385,000 after purchasing an additional 11,019 shares during the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF in the 4th quarter worth about $535,000.

First Trust Dorsey Wright Dynamic Focus 5 ETF Price Performance

First Trust Dorsey Wright Dynamic Focus 5 ETF stock traded up $0.22 during midday trading on Wednesday, hitting $41.92. 3,362 shares of the stock were exchanged, compared to its average volume of 5,895. First Trust Dorsey Wright Dynamic Focus 5 ETF has a 1 year low of $33.81 and a 1 year high of $43.04. The firm has a market cap of $113.18 million, a P/E ratio of 19.13 and a beta of 0.71. The company has a 50 day moving average price of $39.50 and a two-hundred day moving average price of $37.81.

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.