First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) Short Interest Down 59.1% in August

First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 871 shares, a decline of 59.1% from the July 30th total of 2,128 shares. Based on an average daily volume of 8,786 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the shares of the company are sold short.

Hedge Funds Weigh In On First Trust Horizon Managed Volatility Small/Mid ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC lifted its stake in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 595.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 37,863 shares of the company’s stock valued at $1,350,000 after purchasing an additional 32,418 shares during the period. LPL Financial LLC increased its holdings in First Trust Horizon Managed Volatility Small/Mid ETF by 7.5% in the fourth quarter. LPL Financial LLC now owns 163,070 shares of the company’s stock valued at $5,813,000 after buying an additional 11,402 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 5.2% during the 1st quarter. Cetera Investment Advisers now owns 184,609 shares of the company’s stock valued at $6,677,000 after acquiring an additional 9,132 shares during the period. Two Sigma Investments LP acquired a new stake in shares of First Trust Horizon Managed Volatility Small/Mid ETF during the 3rd quarter valued at approximately $263,000. Finally, Bank of New York Mellon Corp boosted its stake in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 4.6% during the 1st quarter. Bank of New York Mellon Corp now owns 143,413 shares of the company’s stock worth $5,187,000 after acquiring an additional 6,290 shares in the last quarter.

First Trust Horizon Managed Volatility Small/Mid ETF Price Performance

Shares of HSMV stock traded down $0.05 during trading hours on Friday, reaching $38.64. 3,308 shares of the company’s stock were exchanged, compared to its average volume of 9,419. The company has a market cap of $34.78 million, a P/E ratio of 17.07 and a beta of 0.73. The company’s 50 day moving average is $38.87 and its two-hundred day moving average is $37.86. First Trust Horizon Managed Volatility Small/Mid ETF has a 1 year low of $35.00 and a 1 year high of $39.82.

First Trust Horizon Managed Volatility Small/Mid ETF Company Profile

The First Trust Horizon Managed Volatility Small\u002FMid ETF (HSMV) is an exchange-traded fund that mostly invests in extended market equity. The fund is an active fund of small- and mid-cap US stocks selected based on volatility forecast. HSMV was launched on Apr 6, 2020 and is managed by First Trust.