First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV) Shares Shorted: Short Interest Down 60.3% in October

First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 5,315 shares, a drop of 60.3% from the September 30th total of 13,404 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average daily trading volume, of 21,723 shares, the short-interest ratio is presently 0.2 days.

Institutional Trading of First Trust Dorsey Wright International Focus 5 ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Morey & Quinn Wealth Partners LLC grew its position in shares of First Trust Dorsey Wright International Focus 5 ETF by 9.2% during the 3rd quarter. Morey & Quinn Wealth Partners LLC now owns 8,913 shares of the company’s stock worth $221,000 after buying an additional 753 shares during the period. Rockefeller Capital Management L.P. raised its stake in shares of First Trust Dorsey Wright International Focus 5 ETF by 2.2% during the fourth quarter. Rockefeller Capital Management L.P. now owns 43,584 shares of the company’s stock worth $1,082,000 after buying an additional 936 shares during the last quarter. Trueblood Wealth Management LLC lifted its holdings in First Trust Dorsey Wright International Focus 5 ETF by 1.5% in the third quarter. Trueblood Wealth Management LLC now owns 100,122 shares of the company’s stock valued at $2,484,000 after buying an additional 1,444 shares during the period. Fifth Third Bancorp acquired a new position in First Trust Dorsey Wright International Focus 5 ETF in the first quarter valued at approximately $73,000. Finally, Kestra Advisory Services LLC lifted its holdings in First Trust Dorsey Wright International Focus 5 ETF by 23.3% in the first quarter. Kestra Advisory Services LLC now owns 23,235 shares of the company’s stock valued at $587,000 after buying an additional 4,387 shares during the period.

First Trust Dorsey Wright International Focus 5 ETF Price Performance

Shares of NASDAQ IFV traded down $0.24 during midday trading on Friday, hitting $23.75. The stock had a trading volume of 208,419 shares, compared to its average volume of 53,661. The firm has a market cap of $209 million, a P/E ratio of 13.24 and a beta of 0.76. First Trust Dorsey Wright International Focus 5 ETF has a fifty-two week low of $23.19 and a fifty-two week high of $28.70. The company’s 50-day simple moving average is $25.08 and its 200 day simple moving average is $26.24.

First Trust Dorsey Wright International Focus 5 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a $0.0940 dividend. This is a negative change from First Trust Dorsey Wright International Focus 5 ETF’s previous quarterly dividend of $0.2505. This represents a $0.38 annualized dividend and a yield of 1.6%. The ex-dividend date was Thursday, September 24th.

About First Trust Dorsey Wright International Focus 5 ETF

The First Trust Dorsey Wright International Focus 5 ETF (IFV) is an exchange-traded fund that mostly invests in total market equity. The fund is an ETF-of-ETFs that tracks a momentum-driven, country\u002Fregion rotation index of international equities. The index is equal-weighted. IFV was launched on Jul 22, 2014 and is managed by First Trust.