First Trust Water ETF (NYSEARCA:FIW) Short Interest Update

First Trust Water ETF (NYSEARCA:FIW) saw a significant decrease in short interest in the month of April. As of April 15th, there was short interest totaling 1,259 shares, a decrease of 95.8% from the March 31st total of 29,961 shares. Based on an average daily volume of 51,378 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. LPL Financial LLC raised its holdings in shares of First Trust Water ETF by 3.9% in the 4th quarter. LPL Financial LLC now owns 936,052 shares of the company’s stock worth $101,693,000 after acquiring an additional 34,753 shares during the last quarter. Bank of America Corp DE boosted its stake in First Trust Water ETF by 3.1% during the 3rd quarter. Bank of America Corp DE now owns 483,853 shares of the company’s stock valued at $54,361,000 after purchasing an additional 14,736 shares during the last quarter. Polianta Ltd boosted its stake in First Trust Water ETF by 86.0% during the 4th quarter. Polianta Ltd now owns 267,700 shares of the company’s stock valued at $29,082,000 after purchasing an additional 123,800 shares during the last quarter. Raymond James Financial Inc. increased its holdings in First Trust Water ETF by 18.2% during the 3rd quarter. Raymond James Financial Inc. now owns 260,093 shares of the company’s stock worth $29,221,000 after purchasing an additional 39,966 shares in the last quarter. Finally, Stifel Financial Corp increased its holdings in First Trust Water ETF by 0.9% during the 4th quarter. Stifel Financial Corp now owns 222,375 shares of the company’s stock worth $24,160,000 after purchasing an additional 2,002 shares in the last quarter.

First Trust Water ETF Trading Down 0.3%

NYSEARCA FIW traded down $0.32 during mid-day trading on Friday, hitting $108.28. The company’s stock had a trading volume of 56,359 shares, compared to its average volume of 57,678. The company’s 50 day simple moving average is $107.50 and its 200 day simple moving average is $110.54. First Trust Water ETF has a twelve month low of $99.08 and a twelve month high of $116.30. The firm has a market capitalization of $1.85 billion, a price-to-earnings ratio of 24.17 and a beta of 1.08.

First Trust Water ETF Company Profile

First Trust ISE Water Index Fund (the Fund) seeks investment results that correspond generally to the price and yield of an equity index called the ISE Water Index (the Index). The Index is a modified market capitalization-weighted index consisting of 36 stocks that derive a substantial portion of their revenues from the potable and wastewater industries. The Index is rebalanced on a semi-annual basis. The Fund will normally invest at least 90% of its assets in common stocks that comprise the Index.