HSMV Stock Summary and Trading Ideas (First Trust Horizon Managed Volatility Small/Mid ETF | ARCA:HSMV)

The First Trust Horizon Managed Volatility Small/Mid ETFs investment objective is to seek to provide investors with capital appreciation. Under normal market conditions, the Fund seeks to achieve its investment objective by investing at least 80% of its net assets (including investment borrowings) in small- and/or mid-capitalization common stocks listed and traded on U.S. national securities exchanges that Horizon Investments, LLC believes exhibit low future expected volatility.

First Trust Horizon Managed Volatility Small/Mid ETF trades on the ARCA stock market under the symbol HSMV.

As of April 19, 2024, HSMV stock price climbed to $32.30 with 1,142 million shares trading.

HSMV has a market cap of $17.77 million. This is considered a Sub-Micro Cap stock.

In the last 3 years, HSMV stock traded as high as $35.11 and as low as $28.02.

HSMV has underperformed the market in the last year with a return of +6.7%, while the SPY ETF gained +21.2%. In the last 3 month period, HSMV fell short of the market, returning +2.4%, while SPY returned +3.0%. However, in the most recent 2 weeks HSMV has outperformed the stock market by returning -2.9%, while SPY returned -4.5%.

HSMV support price is $31.72 and resistance is $32.31 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that HSMV stock will trade within this expected range on the day.