Short Interest in First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV) Expands By 244.9%

First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV) was the recipient of a large increase in short interest in April. As of April 30th, there was short interest totaling 369 shares, an increase of 244.9% from the April 15th total of 107 shares. Based on an average trading volume of 1,762 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the stock are short sold.

First Trust Horizon Managed Volatility Developed International ETF Stock Down 1.1%

Shares of First Trust Horizon Managed Volatility Developed International ETF stock traded down $0.40 during trading on Friday, hitting $37.14. 137 shares of the stock traded hands, compared to its average volume of 3,095. The stock has a market cap of $16.71 million, a price-to-earnings ratio of 16.77 and a beta of 0.47. The firm’s fifty day moving average is $37.34 and its 200-day moving average is $36.52. First Trust Horizon Managed Volatility Developed International ETF has a 52 week low of $34.12 and a 52 week high of $39.22.

Hedge Funds Weigh In On First Trust Horizon Managed Volatility Developed International ETF

Several institutional investors have recently modified their holdings of the company. Osaic Holdings Inc. grew its position in First Trust Horizon Managed Volatility Developed International ETF by 0.6% during the 4th quarter. Osaic Holdings Inc. now owns 61,513 shares of the company’s stock worth $2,174,000 after acquiring an additional 363 shares during the last quarter. Envestnet Asset Management Inc. grew its position in First Trust Horizon Managed Volatility Developed International ETF by 17.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 9,137 shares of the company’s stock worth $317,000 after acquiring an additional 1,364 shares during the last quarter. Raymond James Financial Inc. bought a new position in First Trust Horizon Managed Volatility Developed International ETF during the 2nd quarter worth approximately $83,000. Jane Street Group LLC grew its position in First Trust Horizon Managed Volatility Developed International ETF by 15.7% during the 4th quarter. Jane Street Group LLC now owns 34,123 shares of the company’s stock worth $1,206,000 after acquiring an additional 4,619 shares during the last quarter. Finally, Lido Advisors LLC bought a new position in First Trust Horizon Managed Volatility Developed International ETF during the 4th quarter worth approximately $248,000.

About First Trust Horizon Managed Volatility Developed International ETF

The First Trust Horizon Managed Volatility Developed International ETF (HDMV) is an exchange-traded fund that is based on the MSCI EAFE Minimum Volatility index. The fund is an actively-managed fund of low expected volatility mid and large-cap stocks from developed markets. HDMV was launched on Aug 24, 2016 and is managed by First Trust.