First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV) Shares Shorted: Short Interest Down 52.2% in October

First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV) was the recipient of a significant decrease in short interest in October. As of October 30th, there was short interest totaling 2,542 shares, a decrease of 52.2% from the October 15th total of 5,315 shares. Based on an average daily trading volume, of 35,359 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

First Trust Dorsey Wright International Focus 5 ETF Stock Down 0.1%

NASDAQ:IFV traded down $0.03 during trading hours on Friday, reaching $23.95. 85,537 shares of the stock were exchanged, compared to its average volume of 57,168. The stock has a market capitalization of $183.22 million, a P/E ratio of 9.95 and a beta of 0.78. The firm has a 50 day simple moving average of $24.66 and a 200-day simple moving average of $26.13. First Trust Dorsey Wright International Focus 5 ETF has a 52 week low of $23.19 and a 52 week high of $28.70.

First Trust Dorsey Wright International Focus 5 ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were given a dividend of $0.0940 per share. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $0.38 annualized dividend and a dividend yield of 1.6%. This is a decrease from First Trust Dorsey Wright International Focus 5 ETF’s previous quarterly dividend of $0.2505.

Hedge Funds Weigh In On First Trust Dorsey Wright International Focus 5 ETF

Several large investors have recently added to or reduced their stakes in the company. Concurrent Investment Advisors LLC acquired a new position in First Trust Dorsey Wright International Focus 5 ETF in the second quarter worth $32,723,000. NewEdge Advisors LLC raised its holdings in shares of First Trust Dorsey Wright International Focus 5 ETF by 1.4% during the second quarter. NewEdge Advisors LLC now owns 793,139 shares of the company’s stock worth $21,361,000 after purchasing an additional 10,570 shares during the period. Bank of America Corp DE raised its holdings in shares of First Trust Dorsey Wright International Focus 5 ETF by 9.4% during the first quarter. Bank of America Corp DE now owns 314,659 shares of the company’s stock worth $7,951,000 after purchasing an additional 26,919 shares during the period. Benjamin Edwards Inc. bought a new position in shares of First Trust Dorsey Wright International Focus 5 ETF in the 3rd quarter worth about $5,663,000. Finally, Trueblood Wealth Management LLC lifted its position in shares of First Trust Dorsey Wright International Focus 5 ETF by 1.5% in the 3rd quarter. Trueblood Wealth Management LLC now owns 100,122 shares of the company’s stock worth $2,484,000 after buying an additional 1,444 shares during the last quarter.

About First Trust Dorsey Wright International Focus 5 ETF

The First Trust Dorsey Wright International Focus 5 ETF (IFV) is an exchange-traded fund that mostly invests in total market equity. The fund is an ETF-of-ETFs that tracks a momentum-driven, country\u002Fregion rotation index of international equities. The index is equal-weighted. IFV was launched on Jul 22, 2014 and is managed by First Trust.