Short Interest in First Trust Water ETF (NYSEARCA:FIW) Expands By 236.7%

First Trust Water ETF (NYSEARCA:FIW) saw a significant growth in short interest in the month of May. As of May 29th, there was short interest totaling 12,985 shares, a growth of 236.7% from the May 14th total of 3,857 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 75,633 shares, the short-interest ratio is currently 0.2 days.

First Trust Water ETF Price Performance

NYSEARCA:FIW traded up $1.26 during mid-day trading on Thursday, hitting $104.72. The company’s stock had a trading volume of 42,762 shares, compared to its average volume of 59,970. First Trust Water ETF has a 1 year low of $98.52 and a 1 year high of $116.30. The stock has a market cap of $1.79 billion, a price-to-earnings ratio of 24.17 and a beta of 1.01. The business’s fifty day moving average is $104.97 and its two-hundred day moving average is $108.68.

Institutional Investors Weigh In On First Trust Water ETF

Several hedge funds have recently added to or reduced their stakes in FIW. O Shaughnessy Asset Management LLC boosted its holdings in First Trust Water ETF by 64.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 249 shares of the company’s stock valued at $27,000 after purchasing an additional 98 shares during the last quarter. Godfrey Financial Associates Inc. purchased a new stake in First Trust Water ETF in the fourth quarter valued at $28,000. Evolution Wealth Management Inc. purchased a new stake in First Trust Water ETF in the fourth quarter valued at $32,000. Assetmark Inc. boosted its holdings in First Trust Water ETF by 88.0% in the first quarter. Assetmark Inc. now owns 344 shares of the company’s stock valued at $35,000 after purchasing an additional 161 shares during the last quarter. Finally, Ameriflex Group Inc. boosted its holdings in First Trust Water ETF by 150.0% in the third quarter. Ameriflex Group Inc. now owns 340 shares of the company’s stock valued at $38,000 after purchasing an additional 204 shares during the last quarter.

First Trust Water ETF Company Profile

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.