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

First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV) was the target of a large decline in short interest in August. As of August 14th, there was short interest totaling 155 shares, a decline of 80.3% from the July 30th total of 786 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 1,990 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Ascentis Independent Advisors lifted its holdings in First Trust Horizon Managed Volatility Developed International ETF by 119.5% in the first quarter. Ascentis Independent Advisors now owns 35,619 shares of the company’s stock valued at $1,311,000 after buying an additional 19,392 shares during the period. Osaic Holdings Inc. boosted its stake in First Trust Horizon Managed Volatility Developed International ETF by 0.6% in the fourth quarter. Osaic Holdings Inc. now owns 61,513 shares of the company’s stock valued at $2,174,000 after acquiring an additional 363 shares during the last quarter. Jane Street Group LLC grew its holdings 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 period. LPL Financial LLC grew its holdings in First Trust Horizon Managed Volatility Developed International ETF by 8.7% during the 4th quarter. LPL Financial LLC now owns 194,781 shares of the company’s stock worth $6,882,000 after acquiring an additional 15,597 shares during the period. Finally, Citadel Advisors LLC raised its position in shares of First Trust Horizon Managed Volatility Developed International ETF by 62.1% during the 3rd quarter. Citadel Advisors LLC now owns 33,450 shares of the company’s stock valued at $1,160,000 after acquiring an additional 12,815 shares during the last quarter.

First Trust Horizon Managed Volatility Developed International ETF Stock Down 1.0%

NYSEARCA:HDMV traded down $0.38 during mid-day trading on Wednesday, reaching $38.96. 1,977 shares of the company were exchanged, compared to its average volume of 2,135. The stock has a market cap of $17.53 million, a PE ratio of 16.77 and a beta of 0.45. First Trust Horizon Managed Volatility Developed International ETF has a 12 month low of $34.12 and a 12 month high of $39.53. The company has a fifty day moving average of $38.22 and a 200 day moving average of $37.81.

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.