First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) Sees Significant Increase in Short Interest

First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) was the target of a large increase in short interest in September. As of September 30th, there was short interest totaling 780 shares, an increase of 61.8% from the September 15th total of 482 shares. Approximately 0.5% of the company’s stock are sold short. Based on an average daily volume of 1,634 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On First Trust Horizon Managed Volatility Small/Mid ETF

Institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. increased its holdings in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 29.0% in the second quarter. Envestnet Asset Management Inc. now owns 285,847 shares of the company’s stock worth $10,940,000 after purchasing an additional 64,229 shares during the last quarter. Cetera Investment Advisers grew its holdings in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 5.2% in the first quarter. Cetera Investment Advisers now owns 184,609 shares of the company’s stock valued at $6,677,000 after purchasing an additional 9,132 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 4.6% in the first quarter. Bank of New York Mellon Corp now owns 143,413 shares of the company’s stock valued at $5,187,000 after purchasing an additional 6,290 shares in the last quarter.

First Trust Horizon Managed Volatility Small/Mid ETF Price Performance

First Trust Horizon Managed Volatility Small/Mid ETF stock traded up $0.24 during midday trading on Friday, reaching $36.16. 8 shares of the company traded hands, compared to its average volume of 8,060. First Trust Horizon Managed Volatility Small/Mid ETF has a 12 month low of $35.00 and a 12 month high of $39.82. The business has a 50 day moving average of $37.50 and a two-hundred day moving average of $37.73. The firm has a market capitalization of $5.42 million, a price-to-earnings ratio of 17.07 and a beta of 0.74.

First Trust Horizon Managed Volatility Small/Mid ETF Company Profile

The First Trust Horizon Managed Volatility Small\u002FMid ETF (HSMV) is an exchange-traded fund that mostly invests in extended market equity. The fund is an active fund of small- and mid-cap US stocks selected based on volatility forecast. HSMV was launched on Apr 6, 2020 and is managed by First Trust.