Short Interest in First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) Decreases By 64.4%

First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) saw a significant decline in short interest during the month of December. As of December 15th, there was short interest totaling 886 shares, a decline of 64.4% from the November 30th total of 2,492 shares. Based on an average daily volume of 1,986 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the company’s shares are short sold. Approximately 0.1% of the company’s shares are short sold. Based on an average daily volume of 1,986 shares, the days-to-cover ratio is currently 0.4 days.

First Trust Horizon Managed Volatility Small/Mid ETF Stock Down 0.1%

HSMV traded down $0.03 during midday trading on Friday, hitting $36.01. 1,017 shares of the company were exchanged, compared to its average volume of 1,920. The firm’s 50 day moving average price is $35.80 and its 200-day moving average price is $36.00. First Trust Horizon Managed Volatility Small/Mid ETF has a 1-year low of $32.22 and a 1-year high of $37.16. The firm has a market capitalization of $27.01 million, a P/E ratio of 17.07 and a beta of 0.82.

Institutional Trading of First Trust Horizon Managed Volatility Small/Mid ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its position in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 3.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 189,446 shares of the company’s stock worth $6,791,000 after purchasing an additional 5,570 shares during the period. Cetera Investment Advisers increased its position in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 5.6% during the second quarter. Cetera Investment Advisers now owns 155,405 shares of the company’s stock worth $5,571,000 after buying an additional 8,187 shares during the period. Osaic Holdings Inc. raised its stake in First Trust Horizon Managed Volatility Small/Mid ETF by 226.3% during the second quarter. Osaic Holdings Inc. now owns 5,224 shares of the company’s stock worth $187,000 after buying an additional 3,623 shares during the last quarter. Certior Financial Group LLC raised its stake in First Trust Horizon Managed Volatility Small/Mid ETF by 4.1% during the third quarter. Certior Financial Group LLC now owns 8,024 shares of the company’s stock worth $292,000 after buying an additional 314 shares during the last quarter. Finally, Two Sigma Investments LP acquired a new position in First Trust Horizon Managed Volatility Small/Mid ETF in the third quarter valued at $263,000.

About First Trust Horizon Managed Volatility Small/Mid ETF

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.