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

First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV) was the recipient of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 227 shares, a drop of 46.2% from the September 30th total of 422 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average trading volume of 426 shares, the days-to-cover ratio is presently 0.5 days.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Citadel Advisors LLC boosted 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 worth $1,367,000 after buying an additional 1,851 shares during the period. Independent Financial Group LLC bought a new position in First Trust Horizon Managed Volatility Developed International ETF in the 1st quarter valued at about $449,000. Finally, Ascentis Independent Advisors raised its holdings in First Trust Horizon Managed Volatility Developed International ETF by 119.5% in the 1st quarter. Ascentis Independent Advisors now owns 35,619 shares of the company’s stock valued at $1,311,000 after acquiring an additional 19,392 shares during the period.

First Trust Horizon Managed Volatility Developed International ETF Price Performance

HDMV stock traded up $0.23 during trading hours on Friday, reaching $37.63. The stock had a trading volume of 11 shares, compared to its average volume of 1,777. The stock has a 50-day simple moving average of $37.40 and a 200 day simple moving average of $37.58. First Trust Horizon Managed Volatility Developed International ETF has a fifty-two week low of $34.27 and a fifty-two week high of $39.53. The stock has a market capitalization of $15.05 million, a PE ratio of 16.77 and a beta of 0.45.

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.