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

First Trust Water ETF (NYSEARCA:FIW) saw a large growth in short interest during the month of April. As of April 30th, there was short interest totaling 8,428 shares, a growth of 569.4% from the April 15th total of 1,259 shares. Based on an average daily volume of 56,755 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Hedge Funds Weigh In On First Trust Water ETF

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

First Trust Water ETF Trading Up 0.7%

Shares of First Trust Water ETF stock traded up $0.73 during trading hours on Thursday, hitting $102.35. 6,053 shares of the company were exchanged, compared to its average volume of 56,792. First Trust Water ETF has a 1 year low of $100.75 and a 1 year high of $116.30. The business has a 50-day moving average of $105.90 and a 200-day moving average of $109.89. The stock has a market capitalization of $1.75 billion, a price-to-earnings ratio of 24.17 and a beta of 1.03.

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.