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

First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV) was the recipient of a significant decline in short interest in the month of May. As of May 15th, there was short interest totaling 12,217 shares, a decline of 82.3% from the April 30th total of 68,870 shares. Approximately 0.1% of the shares of the company are short sold. Based on an average daily trading volume, of 25,948 shares, the days-to-cover ratio is currently 0.5 days.

First Trust Dorsey Wright International Focus 5 ETF Price Performance

Shares of IFV opened at $28.03 on Thursday. The firm has a market cap of $250.87 million, a PE ratio of 13.24 and a beta of 0.74. The stock’s fifty day moving average price is $26.76 and its two-hundred day moving average price is $26.01. First Trust Dorsey Wright International Focus 5 ETF has a 1 year low of $21.91 and a 1 year high of $28.52.

First Trust Dorsey Wright International Focus 5 ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a $0.0087 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.03 annualized dividend and a dividend yield of 0.1%.

Institutional Trading of First Trust Dorsey Wright International Focus 5 ETF

Hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC bought a new stake in shares of First Trust Dorsey Wright International Focus 5 ETF in the third quarter valued at $30,000. Founders Financial Alliance LLC raised its stake in shares of First Trust Dorsey Wright International Focus 5 ETF by 62.4% during the 3rd quarter. Founders Financial Alliance LLC now owns 1,626 shares of the company’s stock valued at $40,000 after purchasing an additional 625 shares during the period. Fifth Third Bancorp bought a new stake in shares of First Trust Dorsey Wright International Focus 5 ETF during the 1st quarter valued at $73,000. Aptus Capital Advisors LLC raised its stake in shares of First Trust Dorsey Wright International Focus 5 ETF by 4,435.6% during the 4th quarter. Aptus Capital Advisors LLC now owns 4,082 shares of the company’s stock valued at $101,000 after purchasing an additional 3,992 shares during the period. Finally, PNC Financial Services Group Inc. bought a new stake in shares of First Trust Dorsey Wright International Focus 5 ETF during the 3rd quarter valued at $147,000.

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.