First Trust Water ETF (NYSEARCA:FIW) Stock Short Interest Report for September

First Trust Water ETF (NYSEARCA:FIW) was the recipient of a significant drop in short interest in September. As of September 30th, there was short interest totaling 2,474 shares, a drop of 86.5% from the September 15th total of 18,269 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average trading volume of 56,237 shares, the days-to-cover ratio is currently 0.0 days.

First Trust Water ETF Stock Performance

Shares of First Trust Water ETF stock traded up $0.34 during midday trading on Monday, reaching $105.43. 28,616 shares of the company’s stock traded hands, compared to its average volume of 55,640. The company’s 50 day simple moving average is $108.21 and its 200 day simple moving average is $106.69. First Trust Water ETF has a 52 week low of $98.52 and a 52 week high of $116.30. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 24.17 and a beta of 0.99.

Institutional Investors Weigh In On First Trust Water ETF

Several hedge funds have recently modified their holdings of the business. Sacks & Associates LLC bought a new stake in shares of First Trust Water ETF during the third quarter valued at approximately $2,810,000. First Heartland Consultants Inc. bought a new stake in shares of First Trust Water ETF in the 3rd quarter worth about $421,000. Waverly Advisors LLC increased its holdings in shares of First Trust Water ETF by 7.2% during the second quarter. Waverly Advisors LLC now owns 28,814 shares of the company’s stock worth $3,156,000 after buying an additional 1,941 shares in the last quarter. Carlson Financial Inc. increased its holdings in First Trust Water ETF by 21.4% during the 2nd quarter. Carlson Financial Inc. now owns 2,576 shares of the company’s stock valued at $282,000 after purchasing an additional 454 shares in the last quarter. Finally, Ameritas Advisory Services LLC increased its stake in shares of First Trust Water ETF by 42.4% in the second quarter. Ameritas Advisory Services LLC now owns 157,875 shares of the company’s stock valued at $17,290,000 after buying an additional 47,042 shares in the last quarter.

About First Trust Water ETF

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.