First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) Sees Significant Drop in Short Interest

First Trust Horizon Managed Volatility Small/Mid ETF (NYSEARCA:HSMV) saw a significant decrease in short interest in the month of June. As of June 30th, there was short interest totaling 1,884 shares, a decrease of 60.2% from the June 15th total of 4,739 shares. Based on an average daily trading volume, of 1,530 shares, the days-to-cover ratio is presently 1.2 days. Currently, 0.2% of the company’s shares are short sold.

Hedge Funds Weigh In On First Trust Horizon Managed Volatility Small/Mid ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Osaic Holdings Inc. lifted its holdings in shares of First Trust Horizon Managed Volatility Small/Mid ETF by 226.3% during the second quarter. Osaic Holdings Inc. now owns 5,224 shares of the company’s stock worth $187,000 after purchasing an additional 3,623 shares during the period. Two Sigma Investments LP bought a new stake in shares of First Trust Horizon Managed Volatility Small/Mid ETF in the third quarter worth $263,000. LPL Financial LLC increased its holdings in First Trust Horizon Managed Volatility Small/Mid ETF by 7.5% in the fourth quarter. LPL Financial LLC now owns 163,070 shares of the company’s stock valued at $5,813,000 after purchasing an additional 11,402 shares during the period. Principal Securities Inc. increased its holdings in First Trust Horizon Managed Volatility Small/Mid ETF by 10.1% in the fourth quarter. Principal Securities Inc. now owns 15,488 shares of the company’s stock valued at $552,000 after purchasing an additional 1,419 shares during the period. Finally, Tower Research Capital LLC TRC increased its holdings in First Trust Horizon Managed Volatility Small/Mid ETF by 595.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 37,863 shares of the company’s stock valued at $1,350,000 after purchasing an additional 32,418 shares during the period.

First Trust Horizon Managed Volatility Small/Mid ETF Price Performance

Shares of NYSEARCA HSMV opened at $38.45 on Monday. The company has a 50 day simple moving average of $37.61 and a 200 day simple moving average of $37.22. The firm has a market cap of $34.60 million, a PE ratio of 17.07 and a beta of 0.74. First Trust Horizon Managed Volatility Small/Mid ETF has a 1 year low of $35.00 and a 1 year high of $38.60.

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.