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

First Trust Water ETF (NYSEARCA:FIW) saw a significant increase in short interest in June. As of June 15th, there was short interest totaling 26,118 shares, an increase of 101.1% from the May 31st total of 12,985 shares. Based on an average daily volume of 63,747 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the company’s stock are sold short.

First Trust Water ETF Price Performance

First Trust Water ETF stock traded up $1.13 during trading hours on Tuesday, reaching $109.52. The stock had a trading volume of 39,904 shares, compared to its average volume of 58,571. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 24.17 and a beta of 1.01. The business’s 50 day moving average price is $105.16 and its 200-day moving average price is $108.30. First Trust Water ETF has a 52 week low of $98.52 and a 52 week high of $116.30.

Institutional Investors Weigh In On First Trust Water ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. O Shaughnessy Asset Management LLC increased its position in shares of First Trust Water ETF by 64.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 249 shares of the company’s stock worth $27,000 after purchasing an additional 98 shares in the last quarter. Godfrey Financial Associates Inc. purchased a new position in First Trust Water ETF during the 4th quarter worth $28,000. Evolution Wealth Management Inc. purchased a new position in First Trust Water ETF during the 4th quarter worth $32,000. Assetmark Inc. increased its position in First Trust Water ETF by 88.0% during the 1st quarter. Assetmark Inc. now owns 344 shares of the company’s stock valued at $35,000 after buying an additional 161 shares in the last quarter. Finally, Ameriflex Group Inc. increased its position in First Trust Water ETF by 150.0% during the 3rd quarter. Ameriflex Group Inc. now owns 340 shares of the company’s stock valued at $38,000 after buying an additional 204 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.