First Trust Dorsey Wright International Focus 5 ETF (NASDAQ:IFV – Get Rating) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 31,400 shares, a growth of 33.1% from the February 28th total of 23,600 shares. Based on an average daily volume of 80,000 shares, the days-to-cover ratio is presently 0.4 days.

First Trust Dorsey Wright International Focus 5 ETF Price Performance

Shares of NASDAQ IFV opened at $16.90 on Thursday. First Trust Dorsey Wright International Focus 5 ETF has a 1-year low of $15.52 and a 1-year high of $21.57. The business's 50 day moving average is $17.18 and its two-hundred day moving average is $16.88. The stock has a market capitalization of $191.82 million, a P/E ratio of 8.29 and a beta of 0.97.

First Trust Dorsey Wright International Focus 5 ETF Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 31st. Stockholders of record on Monday, March 27th will be given a dividend of $0.027 per share. This represents a $0.11 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend is Friday, March 24th.

Institutional Trading of First Trust Dorsey Wright International Focus 5 ETF

Several hedge funds and other institutional investors have recently bought and sold shares of IFV. Prospera Financial Services Inc raised its position in First Trust Dorsey Wright International Focus 5 ETF by 331.4% in the 4th quarter. Prospera Financial Services Inc now owns 1,292,737 shares of the company's stock worth $21,627,000 after purchasing an additional 993,087 shares during the period. LPL Financial LLC raised its holdings in shares of First Trust Dorsey Wright International Focus 5 ETF by 142.4% in the fourth quarter. LPL Financial LLC now owns 994,443 shares of the company's stock worth $16,637,000 after buying an additional 584,262 shares during the period. Morgan Stanley lifted its stake in shares of First Trust Dorsey Wright International Focus 5 ETF by 25.8% during the 4th quarter. Morgan Stanley now owns 2,209,306 shares of the company's stock worth $36,962,000 after acquiring an additional 452,510 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in First Trust Dorsey Wright International Focus 5 ETF by 21.1% during the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 931,953 shares of the company's stock valued at $15,592,000 after acquiring an additional 162,081 shares during the period. Finally, Onyx Bridge Wealth Group LLC purchased a new position in First Trust Dorsey Wright International Focus 5 ETF during the 4th quarter valued at $2,225,000.

About First Trust Dorsey Wright International Focus 5 ETF

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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, countryu002Fregion rotation index of international equities. The index is equal-weighted. IFV was launched on Jul 22, 2014 and is managed by First Trust.

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