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

First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV) was the target of a large increase in short interest during the month of September. As of September 30th, there was short interest totaling 422 shares, an increase of 174.0% from the September 15th total of 154 shares. Based on an average daily trading volume, of 987 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Ascentis Independent Advisors lifted its holdings in shares of 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 worth $1,311,000 after acquiring an additional 19,392 shares during the last quarter. Independent Financial Group LLC acquired a new stake in shares of First Trust Horizon Managed Volatility Developed International ETF in the 1st quarter valued at approximately $449,000. Finally, Citadel Advisors LLC grew its holdings in shares of First Trust Horizon Managed Volatility Developed International ETF by 5.3% during the 2nd quarter. Citadel Advisors LLC now owns 36,932 shares of the company’s stock valued at $1,367,000 after purchasing an additional 1,851 shares during the last quarter.

First Trust Horizon Managed Volatility Developed International ETF Price Performance

NYSEARCA:HDMV traded down $0.09 during trading hours on Monday, hitting $35.85. The company’s stock had a trading volume of 492 shares, compared to its average volume of 1,896. The stock has a fifty day simple moving average of $38.02 and a 200-day simple moving average of $37.74. The company has a market capitalization of $14.34 million, a P/E ratio of 16.77 and a beta of 0.45. First Trust Horizon Managed Volatility Developed International ETF has a twelve month low of $34.16 and a twelve month high of $39.53.

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.