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

First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 190 shares, a decrease of 70.4% from the May 31st total of 642 shares. Based on an average daily trading volume, of 332 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.0% of the shares of the company are short sold.

First Trust Horizon Managed Volatility Developed International ETF Stock Up 0.4%

HDMV stock traded up $0.14 during trading on Friday, reaching $37.04. 433 shares of the company’s stock were exchanged, compared to its average volume of 2,533. First Trust Horizon Managed Volatility Developed International ETF has a 1-year low of $34.12 and a 1-year high of $39.22. The firm has a market cap of $16.67 million, a PE ratio of 16.77 and a beta of 0.46. The company’s fifty day moving average price is $37.49 and its 200-day moving average price is $37.01.

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

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James Financial Inc. bought a new stake in shares of First Trust Horizon Managed Volatility Developed International ETF during the 2nd quarter worth about $83,000. Lido Advisors LLC acquired a new position in shares of First Trust Horizon Managed Volatility Developed International ETF during the 4th quarter valued at $248,000. Envestnet Asset Management Inc. increased its position in shares of First Trust Horizon Managed Volatility Developed International ETF by 17.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 9,137 shares of the company’s stock valued at $317,000 after purchasing an additional 1,364 shares during the period. Independent Financial Group LLC bought a new stake in shares of First Trust Horizon Managed Volatility Developed International ETF in the 1st quarter worth $449,000. Finally, Jane Street Group LLC bought a new stake in shares of First Trust Horizon Managed Volatility Developed International ETF in the 2nd quarter worth $863,000.

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.