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

First Trust Water ETF (NYSEARCA:FIW) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 8,428 shares, an increase of 569.4% from the April 15th total of 1,259 shares. Based on an average trading volume of 56,755 shares, the short-interest ratio is presently 0.1 days. Currently, 0.0% of the shares of the company are sold short.

First Trust Water ETF Trading Down 0.8%

Shares of FIW stock traded down $0.88 during trading hours on Tuesday, hitting $103.63. The company’s stock had a trading volume of 41,116 shares, compared to its average volume of 56,784. The stock has a market cap of $1.77 billion, a PE ratio of 24.17 and a beta of 1.03. First Trust Water ETF has a 12-month low of $100.75 and a 12-month high of $116.30. The company has a 50 day moving average of $106.34 and a 200 day moving average of $110.07.

Institutional Trading of First Trust Water ETF

A number of hedge funds have recently modified their holdings of the stock. Ausdal Financial Partners Inc. raised its position in First Trust Water ETF by 2.9% during the second quarter. Ausdal Financial Partners Inc. now owns 10,976 shares of the company’s stock valued at $1,185,000 after acquiring an additional 306 shares in the last quarter. Jane Street Group LLC purchased a new stake in First Trust Water ETF in the 2nd quarter worth approximately $1,261,000. Bank of America Corp DE boosted its position in First Trust Water ETF by 5.1% in the 2nd quarter. Bank of America Corp DE now owns 469,117 shares of the company’s stock worth $50,655,000 after purchasing an additional 22,581 shares in the last quarter. Modern Wealth Management LLC acquired a new stake in shares of First Trust Water ETF during the 2nd quarter worth approximately $4,676,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of First Trust Water ETF during the 2nd quarter valued at approximately $228,000.

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.