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

First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totalling 19,400 shares, a growth of 11.5% from the September 15th total of 17,400 shares. Based on an average daily volume of 17,100 shares, the days-to-cover ratio is currently 1.1 days.

Institutional Investors Weigh In On First Trust Dorsey Wright International Focus 5 ETF

Hedge funds have recently modified their holdings of the company. GAMMA Investing LLC bought a new position in First Trust Dorsey Wright International Focus 5 ETF in the second quarter valued at about $87,000. Concurrent Investment Advisors LLC raised its holdings in First Trust Dorsey Wright International Focus 5 ETF by 0.9% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 683,078 shares of the company’s stock valued at $13,436,000 after buying an additional 6,135 shares during the last quarter. &PARTNERS acquired a new stake in First Trust Dorsey Wright International Focus 5 ETF during the 1st quarter worth approximately $278,000. Northwestern Mutual Wealth Management Co. grew its holdings in First Trust Dorsey Wright International Focus 5 ETF by 83.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,455 shares of the company’s stock worth $29,000 after acquiring an additional 663 shares during the last quarter. Finally, SageView Advisory Group LLC acquired a new position in First Trust Dorsey Wright International Focus 5 ETF in the 1st quarter valued at approximately $99,000.

First Trust Dorsey Wright International Focus 5 ETF Price Performance

IFV stock opened at $20.46 on Thursday. First Trust Dorsey Wright International Focus 5 ETF has a 1 year low of $16.99 and a 1 year high of $21.38. The stock has a market cap of $193.35 million, a price-to-earnings ratio of 8.65 and a beta of 0.95. The company has a 50 day simple moving average of $20.46 and a 200 day simple moving average of $20.03.

First Trust Dorsey Wright International Focus 5 ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.0337 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.13 annualized dividend and a dividend yield of 0.66%.

About First Trust Dorsey Wright International Focus 5 ETF

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.