First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) Short Interest Update

First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) was the target of a large decrease in short interest in March. As of March 13th, there was short interest totaling 794 shares, a decrease of 27.1% from the February 26th total of 1,089 shares. Approximately 0.1% of the shares of the stock are sold short. Based on an average daily volume of 1,890 shares, the days-to-cover ratio is presently 0.4 days.

First Trust Horizon Managed Volatility Small/Mid ETF Price Performance

Shares of NYSEARCA:HSMV opened at $35.68 on Friday. The company has a market cap of $28.54 million, a price-to-earnings ratio of 17.07 and a beta of 0.82. The firm has a 50 day simple moving average of $37.20 and a 200 day simple moving average of $36.39. First Trust Horizon Managed Volatility Small/Mid ETF has a one year low of $32.22 and a one year high of $38.45.

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

Several institutional investors and hedge funds have recently bought and sold shares of HSMV. Certior Financial Group LLC increased its stake in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 4.1% in the third quarter. Certior Financial Group LLC now owns 8,024 shares of the company’s stock worth $292,000 after purchasing an additional 314 shares in the last quarter. Principal Securities Inc. boosted its holdings in First Trust Horizon Managed Volatility Small/Mid ETF by 10.1% in the 4th quarter. Principal Securities Inc. now owns 15,488 shares of the company’s stock worth $552,000 after buying an additional 1,419 shares during the period. Osaic Holdings Inc. grew its stake in First Trust Horizon Managed Volatility Small/Mid ETF by 226.3% in the 2nd quarter. Osaic Holdings Inc. now owns 5,224 shares of the company’s stock valued at $187,000 after buying an additional 3,623 shares in the last quarter. Cetera Investment Advisers grew its stake in First Trust Horizon Managed Volatility Small/Mid ETF by 2.6% in the 4th quarter. Cetera Investment Advisers now owns 175,477 shares of the company’s stock valued at $6,256,000 after buying an additional 4,411 shares in the last quarter. Finally, Two Sigma Investments LP bought a new stake in First Trust Horizon Managed Volatility Small/Mid ETF during the 3rd quarter valued at $263,000.

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.