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

First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV) was the recipient of a large drop in short interest in March. As of March 15th, there was short interest totalling 300 shares, a drop of 84.2% from the February 28th total of 1,900 shares. Based on an average trading volume of 75,400 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

First Trust Dorsey Wright International Focus 5 ETF Stock Performance

Shares of NASDAQ IFV traded down $0.17 during trading on Wednesday, reaching $20.25. The company had a trading volume of 9,501 shares, compared to its average volume of 70,961. First Trust Dorsey Wright International Focus 5 ETF has a 52 week low of $18.48 and a 52 week high of $21.38. The business’s 50 day moving average price is $19.80 and its 200-day moving average price is $19.89. The stock has a market cap of $133.65 million, a PE ratio of 13.30 and a beta of 0.95.

Institutional Trading of First Trust Dorsey Wright International Focus 5 ETF

Hedge funds and other institutional investors have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new position in First Trust Dorsey Wright International Focus 5 ETF during the 4th quarter worth $25,009,000. Concurrent Investment Advisors LLC lifted its stake in shares of First Trust Dorsey Wright International Focus 5 ETF by 0.5% during the fourth quarter. Concurrent Investment Advisors LLC now owns 701,093 shares of the company’s stock valued at $13,440,000 after acquiring an additional 3,641 shares during the period. Citadel Advisors LLC bought a new position in First Trust Dorsey Wright International Focus 5 ETF in the fourth quarter valued at about $12,876,000. NewEdge Advisors LLC increased its position in First Trust Dorsey Wright International Focus 5 ETF by 3.3% in the fourth quarter. NewEdge Advisors LLC now owns 491,096 shares of the company’s stock worth $9,414,000 after purchasing an additional 15,697 shares during the period. Finally, LPL Financial LLC raised its holdings in First Trust Dorsey Wright International Focus 5 ETF by 1.7% during the 4th quarter. LPL Financial LLC now owns 423,832 shares of the company’s stock worth $8,125,000 after purchasing an additional 6,985 shares during the last quarter.

First Trust Dorsey Wright International Focus 5 ETF Company Profile

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.