First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) Sees Large Increase in Short Interest

First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) was the recipient of a large increase in short interest in the month of May. As of May 15th, there was short interest totaling 1,277,532 shares, an increase of 109.1% from the April 30th total of 610,996 shares. Based on an average daily volume of 1,507,418 shares, the short-interest ratio is presently 0.8 days. Approximately 0.8% of the company’s shares are sold short.

Institutional Investors Weigh In On First Trust Nasdaq Cybersecurity ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Synergy Investment Management LLC lifted its position in shares of First Trust Nasdaq Cybersecurity ETF by 5.6% in the 3rd quarter. Synergy Investment Management LLC now owns 2,852 shares of the company’s stock worth $217,000 after purchasing an additional 150 shares during the period. Wealthcare Advisory Partners LLC lifted its position in First Trust Nasdaq Cybersecurity ETF by 0.4% during the 3rd quarter. Wealthcare Advisory Partners LLC now owns 34,691 shares of the company’s stock valued at $2,637,000 after acquiring an additional 153 shares during the period. Geneos Wealth Management Inc. lifted its position in First Trust Nasdaq Cybersecurity ETF by 0.4% during the 4th quarter. Geneos Wealth Management Inc. now owns 37,986 shares of the company’s stock valued at $2,714,000 after acquiring an additional 154 shares during the period. Essex Financial Services Inc. lifted its position in First Trust Nasdaq Cybersecurity ETF by 0.6% during the 4th quarter. Essex Financial Services Inc. now owns 27,041 shares of the company’s stock valued at $1,932,000 after acquiring an additional 160 shares during the period. Finally, Gotham Asset Management LLC lifted its position in First Trust Nasdaq Cybersecurity ETF by 1.3% during the 3rd quarter. Gotham Asset Management LLC now owns 12,377 shares of the company’s stock valued at $941,000 after acquiring an additional 162 shares during the period.

First Trust Nasdaq Cybersecurity ETF Stock Performance

NASDAQ:CIBR opened at $94.15 on Wednesday. The company has a 50-day moving average price of $70.88 and a 200-day moving average price of $70.33. First Trust Nasdaq Cybersecurity ETF has a 12 month low of $60.07 and a 12 month high of $94.40. The stock has a market cap of $14.26 billion, a price-to-earnings ratio of 30.11 and a beta of 0.94.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a $0.1098 dividend. This represents a $0.44 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend was Thursday, March 26th.

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.