Short Interest in First Trust Horizon Managed Volatility Domestic ETF (NYSEARCA:HUSV) Rises By 146.6%

First Trust Horizon Managed Volatility Domestic ETF (NYSEARCA:HUSV) was the target of a significant growth in short interest in July. As of July 31st, there was short interest totaling 30,222 shares, a growth of 146.6% from the July 15th total of 12,254 shares. Approximately 1.7% of the company’s stock are short sold. Based on an average daily volume of 26,445 shares, the short-interest ratio is presently 1.1 days.

First Trust Horizon Managed Volatility Domestic ETF Price Performance

Shares of NYSEARCA HUSV traded down $0.06 during mid-day trading on Friday, hitting $41.37. The company had a trading volume of 1,525 shares, compared to its average volume of 12,150. The firm’s 50 day simple moving average is $40.10 and its two-hundred day simple moving average is $39.55. The stock has a market cap of $74.47 million, a price-to-earnings ratio of 24.59 and a beta of 0.58. First Trust Horizon Managed Volatility Domestic ETF has a 12 month low of $37.76 and a 12 month high of $41.86.

Institutional Investors Weigh In On First Trust Horizon Managed Volatility Domestic ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Western Wealth Management LLC bought a new position in First Trust Horizon Managed Volatility Domestic ETF during the 1st quarter valued at $25,000. Royal Bank of Canada boosted its stake in First Trust Horizon Managed Volatility Domestic ETF by 12,402.3% in the 1st quarter. Royal Bank of Canada now owns 21,504 shares of the company’s stock worth $825,000 after purchasing an additional 21,332 shares during the period. Cetera Investment Advisers grew its position in First Trust Horizon Managed Volatility Domestic ETF by 4.7% during the 1st quarter. Cetera Investment Advisers now owns 130,673 shares of the company’s stock worth $5,011,000 after purchasing an additional 5,808 shares in the last quarter. Bank of New York Mellon Corp grew its position in First Trust Horizon Managed Volatility Domestic ETF by 6.3% during the 1st quarter. Bank of New York Mellon Corp now owns 422,253 shares of the company’s stock worth $16,191,000 after purchasing an additional 24,901 shares in the last quarter. Finally, Asset Allocation Strategies LLC raised its stake in First Trust Horizon Managed Volatility Domestic ETF by 13.3% during the 1st quarter. Asset Allocation Strategies LLC now owns 79,465 shares of the company’s stock valued at $3,047,000 after purchasing an additional 9,330 shares during the period.

About First Trust Horizon Managed Volatility Domestic ETF

The First Trust Horizon Managed Volatility Domestic ETF (HUSV) is an exchange-traded fund that mostly invests in large cap equity. The fund is an actively-managed fund that uses volatility forecasting to select and weight large-cap US stocks. HUSV was launched on Aug 24, 2016 and is managed by First Trust.