Short Interest in First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) Drops By 27.1%

First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) was the recipient of a significant 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. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily volume of 1,890 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. grew its holdings in First Trust Horizon Managed Volatility Small/Mid ETF by 7.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 204,348 shares of the company’s stock valued at $7,433,000 after buying an additional 14,902 shares in the last quarter. Cetera Investment Advisers grew its stake in First Trust Horizon Managed Volatility Small/Mid ETF by 2.6% during the fourth quarter. Cetera Investment Advisers now owns 175,477 shares of the company’s stock valued at $6,256,000 after acquiring an additional 4,411 shares in the last quarter. LPL Financial LLC grew its stake in First Trust Horizon Managed Volatility Small/Mid ETF by 7.5% during the fourth quarter. LPL Financial LLC now owns 163,070 shares of the company’s stock valued at $5,813,000 after acquiring an additional 11,402 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in First Trust Horizon Managed Volatility Small/Mid ETF by 595.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 37,863 shares of the company’s stock valued at $1,350,000 after acquiring an additional 32,418 shares during the last quarter. Finally, Principal Securities Inc. lifted its stake 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 purchasing an additional 1,419 shares in the last quarter.

First Trust Horizon Managed Volatility Small/Mid ETF Stock Performance

HSMV opened at $35.68 on Friday. The stock has a market cap of $28.54 million, a price-to-earnings ratio of 17.07 and a beta of 0.82. The firm’s fifty day moving average is $37.20 and its 200 day moving average is $36.39. First Trust Horizon Managed Volatility Small/Mid ETF has a fifty-two week low of $32.22 and a fifty-two week high of $38.45.

About First Trust Horizon Managed Volatility Small/Mid ETF

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.