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

First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV) was the target of a significant increase in short interest in the month of July. As of July 15th, there was short interest totaling 885 shares, an increase of 302.3% from the June 30th total of 220 shares. Based on an average daily trading volume, of 389 shares, the short-interest ratio is currently 2.3 days. Currently, 0.2% of the company’s shares are short sold.

First Trust Horizon Managed Volatility Developed International ETF Stock Performance

Shares of NYSEARCA HDMV traded up $0.20 during trading on Friday, reaching $38.24. The stock had a trading volume of 832 shares, compared to its average volume of 2,275. The company has a market cap of $17.21 million, a P/E ratio of 16.77 and a beta of 0.46. First Trust Horizon Managed Volatility Developed International ETF has a fifty-two week low of $34.12 and a fifty-two week high of $39.22. The business’s 50-day moving average price is $37.51 and its 200-day moving average price is $37.38.

Hedge Funds Weigh In On First Trust Horizon Managed Volatility Developed International ETF

Institutional investors have recently bought and sold shares of the company. Jane Street Group LLC acquired a new position in First Trust Horizon Managed Volatility Developed International ETF in the 2nd quarter valued at about $863,000. Ascentis Independent Advisors lifted its position in shares of First Trust Horizon Managed Volatility Developed International ETF by 119.5% during the first quarter. Ascentis Independent Advisors now owns 35,619 shares of the company’s stock worth $1,311,000 after purchasing an additional 19,392 shares in the last quarter. LPL Financial LLC lifted its position in shares of First Trust Horizon Managed Volatility Developed International ETF by 8.7% during the fourth quarter. LPL Financial LLC now owns 194,781 shares of the company’s stock worth $6,882,000 after purchasing an additional 15,597 shares in the last quarter. Citadel Advisors LLC boosted its stake in shares of First Trust Horizon Managed Volatility Developed International ETF by 62.1% in the third quarter. Citadel Advisors LLC now owns 33,450 shares of the company’s stock valued at $1,160,000 after purchasing an additional 12,815 shares during the period. Finally, Independent Financial Group LLC purchased a new position in shares of First Trust Horizon Managed Volatility Developed International ETF in the first quarter valued at approximately $449,000.

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.