Seeking AlphaT3·46mo ago
FV First Trust Dorsey Wright Focus 5 ETF
ETF 75.11 DelayedETF quote, holdings, sector allocation, technicals, and options analytics. Expected move IV rank history Fibonacci levels
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
FV
$75.11
—
Key stats
$75.11
- 52-Week Range
- $58.33 – $76.08
- YTD
- +17.35%
- IV Rank (30D)
- 21.14
- Straddle Price
- $2.83
- P/C Vol Ratio
- 0.33
- Open
- $74.54
- Day Range
- $74.54 – $75.27
- Volume
- 38,321
- Prev Close
- $74.54
About
First Trust Dorsey Wright Focus 5 ETF (FV) ETF
No description available.
- Exchange
- XNAS
- Inception
- 2014-03-05
- Has Options
- Yes
Fund profile
holdings as of Oct 19, 2026issuer datathrough Jun 2026flows, SEC filings
- Expense ratio
- 0.89% prospectus, filed Jan 28, 2026
- Assets
- $3.8B issuer-reported, Oct 19, 2026
- Trailing yield
- 0.35% paid quarterly
- Average daily volume
- $5.7M 30 sessions
- Holdings
- 6 top 10 are 99.9%
- Listed
- Mar 5, 2014 Nasdaq
- Last fee change
- +2 bp filed Jan 28, 2026
- Net asset value
- $73.57 issuer, Oct 19, 2026
- 30-day SEC yield
- 0.08% issuer, Sep 30, 2026
Cost7
Liquidity58
Scale96
Diversification0
Moves with. US large-cap stocks (56% of its variance, beta 0.99); Emerging markets over US (12% of its variance, beta 0.24); Small caps over large (11% of its variance, beta 0.41). These factors explain 77% of its daily moves over the last year.
Stated objective. The First Trust Dorsey Wright Focus 5 ETF (the Fund ) seeks investment results that correspond generally to the price and yield (before the Funds fees and expenses) of an index called the Dorsey Wright Focus Five TM Index (the Index ). (from the fund's prospectus)
All 6 holdingsFlow historySimilar fundsOverlap toolAll US Equity (Other) ETFs
Fund flows
through Jun 2026SEC filings- Jun 2026
- −$18M latest reported month
- Latest 3 months
- −$120M −3.0% of assets
- Latest 12 months
- −$600M −15.2% of assets
View as a table
| Month | Net flow |
|---|---|
| Jun 2026 | −$18M |
| May 2026 | −$44M |
| Apr 2026 | −$58M |
| Mar 2026 | −$78M |
| Feb 2026 | −$30M |
| Jan 2026 | −$120M |
| Dec 2025 | −$40M |
| Nov 2025 | −$34M |
| Oct 2025 | −$68M |
| Sep 2025 | −$31M |
| Aug 2025 | −$30M |
| Jul 2025 | −$51M |
Net creations and redemptions from the fund's SEC filings, which become public about 60 days after each quarter. Every month since 84 months ago
Similar funds
Look-through: what the holdings say
weights as of Oct 19, 2026issuer data- Insider buying
- 0% of weight had net insider buying, 90 days; 0% net selling
- 13F holders
- +32.7% change in shares held by institutions, latest quarter
- Reporting earnings
- 0.0% of weight in 7 days; 0.0% in 14
Each figure is the fund's holdings weighted by position size, using our data on those stocks, and covers only the share of the stock holdings stated. Positive fair value means the holdings trade below our estimate.
What changed in the portfolio
Mar 31, 2026 → Jun 30, 2026| Action | Holding | Weight before | Weight after | Shares vs flows |
|---|---|---|---|---|
| Exit | FXNFIRST TRUST EXCHANGE-TRADED ALPHADEX FUND | 20.08% | — | — |
| New position | QTECFirst Trust Exchange-Traded Fund | — | 19.94% | — |
| New position | FXLFirst Trust Exchange-Traded AlphaDEX Fund | — | 19.87% | — |
| Exit | MISLFirst Trust Exchange-Traded Fund | 19.61% | — | — |
0 new, 0 exited, 0 increased and 0 decreased between the fund's two latest holdings reports; turnover 0.4%. Full holdings and history
ETF Profile
holdings as of 2026-10-20
Holdings
6
AUM
$3.9B
Provider
First Trust
Inception
2014-03-05
Exchange
XNAS
Data As Of
2026-10-20
Expense Ratio
0.89%
Dividend Yield
0.35%
Distribution
Quarterly
Recent distributions
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| 2026-06-25 | 2026-06-30 | $0.0761 | CD |
| 2026-03-26 | 2026-03-31 | $0.0514 | CD |
| 2025-12-12 | 2025-12-31 | $0.1355 | CD |
| 2025-09-25 | 2025-09-30 | $0.1010 | CD |
| 2025-06-26 | 2025-06-30 | $0.0960 | CD |
| 2025-03-27 | 2025-03-31 | $0.0618 | CD |
Asset Allocation
Top Holdings
top 6 of 6 holdings
| Symbol | Name | Weight % | Asset Class | Country |
|---|---|---|---|---|
| FTXN | First Trust Nasdaq Oil & Gas ETF | 21.29% | Equity (US) | US |
| FTXH | First Trust Nasdaq Pharmaceuticals ETF | 21.14% | Equity (US) | — |
| FBT | First Trust NYSE® Arca® Biotechnology Index Fund | 20.53% | Equity (US) | — |
| FXL | First Trust Technology AlphaDEX® Fund | 18.92% | Equity (US) | — |
| QTEC | First Trust NASDAQ-100-Technology Sector Index Fund | 18.01% | Equity (US) | US |
| — | US Dollar | 0.11% | Cash/Money Market | — |
Geographic Breakdown
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | 2.41% | -4.58% | 8.14% | 2.18% | 5.54% | 3.88% | 2.93% |
| Feb | 3.23% | -1.41% | -2.19% | 5.39% | -3.64% | -2.46% | -0.18% |
| Mar | 0.45% | 1.79% | -5.57% | 1.24% | -5.56% | -7.86% | -2.58% |
| Apr | 1.65% | -4.88% | -1.93% | -6.09% | -1.98% | 9.53% | -0.62% |
| May | 0.75% | 6.58% | -2.77% | 4.11% | 5.62% | 8.25% | 3.76% |
| Jun | 1.78% | -15.21% | 7.74% | 3.02% | 2.99% | 4.73% | 0.84% |
| Jul | -0.04% | 9.53% | 3.74% | -0.11% | 1.95% | -6.75% | 1.39% |
| Aug | 1.60% | 1.15% | -3.43% | 4.20% | 2.96% | 4.87% | 1.89% |
| Sep | -4.90% | -8.81% | -6.00% | 6.16% | 1.38% | 1.37% | -1.80% |
| Oct | 6.11% | 10.45% | -5.36% | -0.10% | -0.10% | 1.82%* | 2.14% |
| Nov | -2.18% | 3.32% | 12.17% | 6.19% | 1.16% | -- | 4.13% |
| Dec | 3.15% | -4.38% | 7.46% | -4.91% | 1.70% | -- | 0.60% |
| Total | 14.46% | -9.26% | 10.23% | 22.40% | 12.00% | 17.01% | 11.14% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $74.15
SMA 50: $73.55
SMA 200: $69.13
Current: $75.11
EMA 12: $74.20
EMA 26: $73.91
MACD: 0.2945 | Signal: -0.0070
BULLISH
ADX (14): 13.93
RANGE
+DI: 29.68
−DI: 20.27
Momentum Oscillators
RSI (14): 58.57
NEUTRAL
Stoch %K: 62.10
Stoch %D: 41.72
Williams %R: -8.07
Volume & Volatility
BB Upper: $75.14
BB Lower: $73.16
NEUTRAL
OBV: 4,944,775
Vol SMA 20: 70,071
Vol ROC: -49.86%
ATR: $0.86
True Range: $0.73
HV 20: 11.6%
HV 30: 12.8%
HV 60: 15.0%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary
Overall assessment: NEUTRAL (6/10)
Key drivers:
- Technical indicators suggest a neutral to bearish trend, with MACD indicating bearish momentum
- Recent news headlines have been negative, which may contribute to the bearish sentiment
Primary risks:
- The stock's beta is relatively low at 0.98, indicating moderate volatility and correlation with the broader market
- Options activity suggests high implied volatility (IV) and a put-heavy skew, which could lead to increased risk if the stock continues to decline
Recent news sentiment impact: Negative news headlines may have contributed to the bearish trend, but further analysis is needed to determine the extent of this influence.
Technical Analysis
Trend Direction: Medium-term downtrend (1-3 months)
Support/Resistance Levels: Key price levels include:
- SMA 20 at $60.86: Support
- Lower Bollinger Band at $58.93: Support
- Upper Bollinger Band at $62.80: Resistance
Momentum Signals:
- RSI (14) is neutral at 58.96, indicating no clear buy or sell signal
- MACD is bearish, with a histogram of -0.36
- Bollinger Bands are neutral, with the price trending within the middle band
Volume Analysis: Volume trends suggest:
- On-Balance Volume (OBV) is declining, indicating decreased buying pressure
- Volume Rate of Change is negative at -46.12%, suggesting decreasing volume
News & Sentiment Analysis
Recent Headlines Summary: The most recent news headline suggests a negative sentiment, with the article discussing FV's movements informing risk allocation models.
Sentiment Assessment: Aggregate news sentiment is NEGATIVE, which may be contributing to the bearish trend.
Catalyst Identification: No upcoming events or earnings announcements are listed, but the options activity suggests that market participants are pricing in a potential move of $2.30 by expiration.
Market Narrative: The news headline's negative sentiment and the bearish MACD signal suggest that the market is expecting further declines in FV's price.
Risk & Volatility Assessment
Beta Interpretation: Beta of 0.98 indicates moderate volatility, which may not be sufficient to justify a high-risk rating.
Volatility Regime: Current IV rank is 79.0%, indicating historically high volatility. This may lead to increased risk if the stock continues to decline.
Options Market Signals: Put-heavy skew and high IV suggest that market participants are pricing in a potential move of $2.30 by expiration, which may contribute to further declines.
Downside Protection: Support levels at SMA 20 and the lower Bollinger Band provide some downside protection, but further analysis is needed to determine the effectiveness of these levels.
Market Context & Positioning
Sector Performance: FV's performance has been relatively strong compared to its sector and the broader market.
Institutional Activity: Volume patterns suggest decreased institutional interest in FV.
Correlation Analysis: Correlation with the broader market is 0.94, indicating moderate correlation.
Relative Valuation: The stock appears to be trading within a range, but further analysis is needed to determine its relative value.
Key Levels & Action Items
Critical Price Levels: SMA 20 at $60.86 and the lower Bollinger Band at $58.93 provide support levels.
Breakout/Breakdown Levels: Resistance lies at the upper Bollinger Band at $62.80, while further declines could break below the lower band.
Time-Sensitive Catalysts: No upcoming events or earnings announcements are listed, but options activity suggests that market participants are pricing in a potential move of $2.30 by expiration.
Risk Management: Stop-loss levels should be set around the SMA 20 and the lower Bollinger Band to manage risk, with position sizing considerations taking into account the stock's moderate volatility.
Generated
News
All FV news →
FV Options Activity & IV Rank
FV IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 16.6%
7-DTE IV: —
Expected Move: $2.83
7-DTE Move: $2.83
Days to Exp: 30 (2026-11-20)
Options Flow
Call Volume: 3
Put Volume: 1
P/C Volume: 0.333
BULLISH
Call OI: 3
Put OI: 1
P/C OI: 0.333
Total OI: 4
ATM Options Pricing
ATM Call: $1.73
ATM Put: $1.10
Call %: 2.3%
Put %: 1.5%
Chain Summary
Chain Volume: 46
Chain OI: 56
Last Updated: 10/21/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
HIGH γ vs HISTORY
Estimated net dealer gamma is at the 82nd percentile of this name's own daily history, near the high end of its range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
82%
vs own history
GEX tilt
+1.00
OI-weighted, today
Vanna tilt
+1.00
δ-sensitivity to IV
Charm tilt
-1.00
δ-decay vs time
Vanna tilt +1.00: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -1.00: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 3 ATM contracts, 0k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
as of Oct 21 · No data
30 DTE / 10d
—
—
pts
EXTREME
as of Oct 21 · ATM 16.3% / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)21.1LowOct 21
Straddle Price (30 DTE)$2.83Oct 21
Beta Analysis
Risk Metrics
Beta: 1.1603
Alpha: 2.79%
Correlation: 0.8085
R-Squared: 65.4%
Stock Volatility: 18.2%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Above average volatility - stock moves with market amplification
Above average volatility - stock moves with market amplification
Beta & Alpha Over Time
FV Institutional Ownership (13F)
Latest filings — 2026-09-30Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
1 filers$417.34K notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $417.34K | 100.00% | 2026-06-30 |
| # | Filer | Notional Value | % of Total | Period |
|---|
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
52.63K
SI % of Float
0.10%
Days to Cover
1.00
Short Vol Ratio
57.4%
Free Float
—
Float %
—
Short interest 2026-09-30 • Short volume 2026-10-21
FV Constituent Performance
Click any bar to view the full quote for that stock.
FV Constituents (5 of 5)
| Symbol | Name | Weight % | Price | 1 Day | 1 Week | 1 Month |
|---|---|---|---|---|---|---|
| FTXN | First Trust Nasdaq Oil & Gas ETF | 21.29% | $42.31 | +0.01% | +0.70% | +8.41% |
| FTXH | First Trust Nasdaq Pharmaceuticals ETF | 21.14% | $42.75 | +0.11% | +3.54% | +3.56% |
| FBT | First Trust NYSE® Arca® Biotechnology Index Fund | 20.53% | $272.46 | +0.25% | +3.62% | +1.20% |
| FXL | First Trust Technology AlphaDEX® Fund | 18.92% | $222.02 | +1.95% | +1.40% | -0.14% |
| QTEC | First Trust NASDAQ-100-Technology Sector Index Fund | 18.01% | $310.48 | +1.40% | -0.64% | -5.97% |