First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV) Sees Significant Increase in Short Interest

First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 885 shares, an increase of 302.3% from the June 30th total of 220 shares. Based on an average daily trading volume, of 389 shares, the short-interest ratio is presently 2.3 days. Approximately 0.2% of the shares of the company are short sold.

First Trust Horizon Managed Volatility Developed International ETF Stock Performance

Shares of NYSEARCA HDMV traded up $0.24 during trading on Monday, reaching $38.48. The stock had a trading volume of 184 shares, compared to its average volume of 2,259. First Trust Horizon Managed Volatility Developed International ETF has a one year low of $34.12 and a one year high of $39.22. The stock has a market cap of $17.32 million, a PE ratio of 16.77 and a beta of 0.46. The firm’s 50 day moving average price is $37.51 and its two-hundred day moving average price is $37.39.

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

Hedge funds have recently added to or reduced their stakes in the business. Osaic Holdings Inc. increased its stake in First Trust Horizon Managed Volatility Developed International ETF by 0.6% during the fourth quarter. Osaic Holdings Inc. now owns 61,513 shares of the company’s stock valued at $2,174,000 after purchasing an additional 363 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of First Trust Horizon Managed Volatility Developed International ETF by 17.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 9,137 shares of the company’s stock valued at $317,000 after buying an additional 1,364 shares during the period. Raymond James Financial Inc. acquired a new position in shares of First Trust Horizon Managed Volatility Developed International ETF in the 2nd quarter valued at about $83,000. Jane Street Group LLC boosted its holdings in shares of First Trust Horizon Managed Volatility Developed International ETF by 15.7% in the 4th quarter. Jane Street Group LLC now owns 34,123 shares of the company’s stock valued at $1,206,000 after buying an additional 4,619 shares during the period. Finally, Lido Advisors LLC bought a new stake in shares of First Trust Horizon Managed Volatility Developed International ETF during the 4th quarter valued at about $248,000.

First Trust Horizon Managed Volatility Developed International ETF Company Profile

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.