Short Interest in First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV) Expands By 72.9%

First Trust Horizon Managed Volatility Developed International ETF (NYSEARCA:HDMV) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 638 shares, an increase of 72.9% from the April 30th total of 369 shares. Based on an average daily volume of 761 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.1% of the shares of the company are sold short.

First Trust Horizon Managed Volatility Developed International ETF Stock Down 0.6%

Shares of NYSEARCA:HDMV opened at $36.83 on Thursday. The business has a 50 day moving average price of $37.51 and a 200 day moving average price of $36.76. First Trust Horizon Managed Volatility Developed International ETF has a twelve month low of $34.12 and a twelve month high of $39.22. The company has a market cap of $16.57 million, a price-to-earnings ratio of 16.77 and a beta of 0.47.

Institutional Trading of First Trust Horizon Managed Volatility Developed International ETF

Hedge funds have recently added to or reduced their stakes in the business. Raymond James Financial Inc. bought a new position in shares of First Trust Horizon Managed Volatility Developed International ETF during the 2nd quarter worth approximately $83,000. Lido Advisors LLC bought a new position in shares of First Trust Horizon Managed Volatility Developed International ETF during the 4th quarter worth approximately $248,000. Envestnet Asset Management Inc. lifted its position in shares of First Trust Horizon Managed Volatility Developed International ETF by 17.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 9,137 shares of the company’s stock worth $317,000 after buying an additional 1,364 shares during the period. Independent Financial Group LLC bought a new position in shares of First Trust Horizon Managed Volatility Developed International ETF during the 1st quarter worth approximately $449,000. Finally, Jane Street Group LLC bought a new position in shares of First Trust Horizon Managed Volatility Developed International ETF during the 2nd quarter worth approximately $863,000.

About First Trust Horizon Managed Volatility Developed International ETF

The First Trust Horizon Managed Volatility Developed International ETF (HDMV) is an exchange-traded fund that is based on the MSCI EAFE Minimum Volatility index. The fund is an actively-managed fund of low expected volatility mid and large-cap stocks from developed markets. HDMV was launched on Aug 24, 2016 and is managed by First Trust.