First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV) Sees Large Increase in Short Interest

First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV – Get Rating) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totalling 73,000 shares, a growth of 1,180.7% from the April 30th total of 5,700 shares. Based on an average daily volume of 45,000 shares, the days-to-cover ratio is currently 1.6 days.

First Trust Dorsey Wright International Focus 5 ETF Stock Performance

Shares of IFV opened at $17.38 on Friday. First Trust Dorsey Wright International Focus 5 ETF has a one year low of $15.52 and a one year high of $20.21. The stock has a market capitalization of $223.33 million, a price-to-earnings ratio of 8.29 and a beta of 0.95. The stock has a 50 day moving average price of $17.70 and a 200 day moving average price of $17.32.

First Trust Dorsey Wright International Focus 5 ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 31st. Shareholders of record on Monday, March 27th were paid a dividend of $0.027 per share. This represents a $0.11 dividend on an annualized basis and a yield of 0.62%. The ex-dividend date of this dividend was Friday, March 24th.

Hedge Funds Weigh In On First Trust Dorsey Wright International Focus 5 ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vestmark Advisory Solutions Inc. lifted its stake in shares of First Trust Dorsey Wright International Focus 5 ETF by 39.1% in the 3rd quarter. Vestmark Advisory Solutions Inc. now owns 26,069 shares of the company’s stock valued at $420,000 after purchasing an additional 7,331 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of First Trust Dorsey Wright International Focus 5 ETF in the 4th quarter valued at $1,189,000. Onyx Bridge Wealth Group LLC purchased a new stake in shares of First Trust Dorsey Wright International Focus 5 ETF in the 4th quarter valued at $2,225,000. PFG Investments LLC purchased a new stake in shares of First Trust Dorsey Wright International Focus 5 ETF in the 1st quarter valued at $1,832,000. Finally, Raymond James & Associates raised its holdings in shares of First Trust Dorsey Wright International Focus 5 ETF by 19.2% in the 1st quarter. Raymond James & Associates now owns 316,389 shares of the company’s stock valued at $5,455,000 after buying an additional 51,050 shares during the period.

First Trust Dorsey Wright International Focus 5 ETF Company Profile

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The First Trust Dorsey Wright International Focus 5 ETF (IFV) is an exchange-traded fund that mostly invests in total market equity. The fund is an ETF-of-ETFs that tracks a momentum-driven, country\u002Fregion rotation index of international equities. The index is equal-weighted. IFV was launched on Jul 22, 2014 and is managed by First Trust.