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 growth in short interest in the month of June. As of June 15th, there was short interest totaling 4,739 shares, a growth of 449.1% from the May 31st total of 863 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average daily volume of 1,924 shares, the days-to-cover ratio is currently 2.5 days.

First Trust Horizon Managed Volatility Small/Mid ETF Stock Performance

NYSEARCA:HSMV traded up $0.24 during mid-day trading on Friday, reaching $38.38. 1,660 shares of the company’s stock were exchanged, compared to its average volume of 2,218. First Trust Horizon Managed Volatility Small/Mid ETF has a one year low of $35.00 and a one year high of $38.47. The business’s fifty day simple moving average is $37.47 and its two-hundred day simple moving average is $37.03. The firm has a market capitalization of $30.70 million, a PE ratio of 17.07 and a beta of 0.74.

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

Several hedge funds have recently added to or reduced their stakes in the business. Osaic Holdings Inc. lifted its position in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 226.3% in the 2nd quarter. Osaic Holdings Inc. now owns 5,224 shares of the company’s stock worth $187,000 after purchasing an additional 3,623 shares during the period. Two Sigma Investments LP acquired a new position in shares of First Trust Horizon Managed Volatility Small/Mid ETF during the third quarter worth approximately $263,000. Principal Securities Inc. lifted its holdings in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 10.1% in the 4th quarter. Principal Securities Inc. now owns 15,488 shares of the company’s stock worth $552,000 after purchasing an additional 1,419 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 595.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 37,863 shares of the company’s stock worth $1,350,000 after purchasing an additional 32,418 shares in the last quarter. Finally, Bank of New York Mellon Corp grew its position in First Trust Horizon Managed Volatility Small/Mid ETF by 4.6% in the 1st 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 during the period.

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.