First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) Stock Short Interest Drops 77.6%

First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) was the recipient of a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 630,138 shares, a decline of 77.6% from the September 30th total of 2,817,209 shares. Currently, 0.4% of the company’s stock are short sold. Based on an average daily volume of 2,169,643 shares, the days-to-cover ratio is presently 0.3 days.

First Trust Nasdaq Cybersecurity ETF Trading Down 2.7%

CIBR stock opened at $105.00 on Friday. The stock has a market capitalization of $18.16 billion, a PE ratio of 30.11 and a beta of 0.93. First Trust Nasdaq Cybersecurity ETF has a 12-month low of $60.07 and a 12-month high of $110.68. The stock’s 50 day simple moving average is $101.15 and its 200 day simple moving average is $83.09.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were given a $0.0029 dividend. The ex-dividend date was Thursday, September 24th. This is a drop from First Trust Nasdaq Cybersecurity ETF’s previous quarterly dividend of $0.0721. This represents a $0.01 annualized dividend and a yield of 0.0%.

Institutional Trading of First Trust Nasdaq Cybersecurity ETF

Hedge funds have recently bought and sold shares of the stock. Gerber Kawasaki Wealth & Investment Management purchased a new stake in shares of First Trust Nasdaq Cybersecurity ETF during the third quarter worth approximately $231,000. Frederick Financial Consultants LLC raised its holdings in First Trust Nasdaq Cybersecurity ETF by 5.8% in the third quarter. Frederick Financial Consultants LLC now owns 3,111 shares of the company’s stock valued at $321,000 after acquiring an additional 170 shares in the last quarter. Signature Equity Partners LLC raised its holdings in First Trust Nasdaq Cybersecurity ETF by 317.7% in the third quarter. Signature Equity Partners LLC now owns 5,627 shares of the company’s stock valued at $580,000 after acquiring an additional 4,280 shares in the last quarter. Dala Group LLC lifted its stake in First Trust Nasdaq Cybersecurity ETF by 2.1% in the third quarter. Dala Group LLC now owns 82,308 shares of the company’s stock worth $8,485,000 after acquiring an additional 1,721 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new position in First Trust Nasdaq Cybersecurity ETF in the third quarter worth approximately $12,761,000.

First Trust Nasdaq Cybersecurity ETF Company Profile

The First Trust NASDAQ Cybersecurity ETF (CIBR) is an exchange-traded fund that is based on the Nasdaq CTA Cybersecurity index. The fund tracks a liquidity-weighted index that targets companies engaged in the cybersecurity industry. CIBR was launched on Jul 7, 2015 and is managed by First Trust.