Short Interest in First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) Grows By 158.1%

First Trust Dorsey Wright Dynamic Focus 5 ETF (NASDAQ:FVC) saw a significant increase in short interest in May. As of May 15th, there was short interest totaling 4,086 shares, an increase of 158.1% from the April 30th total of 1,583 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average trading volume of 2,701 shares, the days-to-cover ratio is currently 1.5 days.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Western Wealth Management LLC bought a new stake in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF in the 1st quarter worth $27,000. Mariner LLC increased its holdings in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 4.9% in the 3rd quarter. Mariner LLC now owns 25,883 shares of the company’s stock worth $934,000 after purchasing an additional 1,213 shares in the last quarter. Fifth Third Bancorp bought a new stake in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF in the 1st quarter worth $90,000. Kestra Advisory Services LLC increased its holdings in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 21.0% in the 1st quarter. Kestra Advisory Services LLC now owns 16,024 shares of the company’s stock worth $558,000 after purchasing an additional 2,785 shares in the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in shares of First Trust Dorsey Wright Dynamic Focus 5 ETF by 10.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 29,640 shares of the company’s stock worth $1,032,000 after purchasing an additional 2,800 shares in the last quarter.

First Trust Dorsey Wright Dynamic Focus 5 ETF Stock Down 0.3%

Shares of NASDAQ:FVC traded down $0.11 during trading on Friday, hitting $41.63. The stock had a trading volume of 2,041 shares, compared to its average volume of 6,421. First Trust Dorsey Wright Dynamic Focus 5 ETF has a 12 month low of $33.81 and a 12 month high of $41.79. The company has a market capitalization of $112.40 million, a PE ratio of 19.13 and a beta of 0.70. The firm’s fifty day moving average is $37.83 and its 200 day moving average is $37.28.

First Trust Dorsey Wright Dynamic Focus 5 ETF Company Profile

The First Trust Dorsey Wright Dynamic Focus 5 ETF (FVC) is an exchange-traded fund that is based on the Dorsey Wright Dynamic Focus Five index. The fund tracks an index of global sector and industry ETFs, selected by price momentum and weighted equally. The fund can also allocate to cash in varying amounts based on momentum. FVC was launched on Mar 18, 2016 and is managed by First Trust.