First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) Short Interest Update

First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) saw a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 18,501 shares, an increase of 401.1% from the August 15th total of 3,692 shares. Based on an average daily trading volume, of 4,349 shares, the days-to-cover ratio is currently 4.3 days. Approximately 0.7% of the shares of the company are short sold.

First Trust Dorsey Wright Dynamic Focus 5 ETF Stock Performance

Shares of First Trust Dorsey Wright Dynamic Focus 5 ETF stock traded up $0.38 during trading on Friday, hitting $41.70. 5,532 shares of the company’s stock were exchanged, compared to its average volume of 5,001. The business has a 50-day simple moving average of $41.59 and a 200-day simple moving average of $39.72. The stock has a market capitalization of $108.41 million, a price-to-earnings ratio of 19.13 and a beta of 0.72. First Trust Dorsey Wright Dynamic Focus 5 ETF has a 52-week low of $33.81 and a 52-week high of $44.23.

First Trust Dorsey Wright Dynamic Focus 5 ETF Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.0006 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.00 dividend on an annualized basis and a yield of 0.0%.

Institutional Trading of First Trust Dorsey Wright Dynamic Focus 5 ETF

Institutional investors have recently made changes to their positions in the company. Integrated Wealth Concepts LLC purchased a new stake in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF during the second quarter worth $39,000. Western Wealth Management LLC acquired a new position in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF during the 1st quarter valued at about $27,000. Geneos Wealth Management Inc. boosted its holdings in First Trust Dorsey Wright Dynamic Focus 5 ETF by 10.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 29,640 shares of the company’s stock valued at $1,032,000 after purchasing an additional 2,800 shares during the last quarter. Fifth Third Bancorp acquired a new position in First Trust Dorsey Wright Dynamic Focus 5 ETF in the first quarter valued at approximately $90,000. Finally, Kestra Advisory Services LLC lifted its stake in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 21.0% in the 1st quarter. Kestra Advisory Services LLC now owns 16,024 shares of the company’s stock valued at $558,000 after purchasing an additional 2,785 shares during the last quarter.

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.