First Trust Water ETF (NYSEARCA:FIW) Shares Shorted: Short Interest Down 73.6% in October

First Trust Water ETF (NYSEARCA:FIW) was the recipient of a significant drop in short interest in the month of October. As of October 30th, there was short interest totaling 4,241 shares, a drop of 73.6% from the October 15th total of 16,043 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 43,778 shares, the days-to-cover ratio is currently 0.1 days.

First Trust Water ETF Stock Performance

NYSEARCA:FIW traded up $0.72 on Friday, hitting $117.19. 30,856 shares of the stock were exchanged, compared to its average volume of 54,447. First Trust Water ETF has a 52 week low of $98.52 and a 52 week high of $119.42. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 26.60 and a beta of 0.97. The company’s 50-day moving average price is $108.65 and its 200 day moving average price is $108.11.

Institutional Investors Weigh In On First Trust Water ETF

Several institutional investors have recently modified their holdings of FIW. Modern Wealth Management LLC raised its stake in shares of First Trust Water ETF by 15.9% during the first quarter. Modern Wealth Management LLC now owns 52,435 shares of the company’s stock worth $5,460,000 after buying an additional 7,205 shares during the last quarter. Sacks & Associates LLC acquired a new position in First Trust Water ETF in the third quarter valued at approximately $2,810,000. Wealthcare Advisory Partners LLC boosted its stake in First Trust Water ETF by 16.3% in the second quarter. Wealthcare Advisory Partners LLC now owns 64,351 shares of the company’s stock valued at $7,048,000 after acquiring an additional 9,037 shares during the last quarter. Wedbush Securities Inc. bought a new position in First Trust Water ETF in the third quarter valued at approximately $638,000. Finally, International Assets Investment Management LLC boosted its stake in First Trust Water ETF by 4,011.6% in the third quarter. International Assets Investment Management LLC now owns 600,000 shares of the company’s stock valued at $62,268,000 after acquiring an additional 585,407 shares during 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.