First Trust Water ETF (NYSEARCA:FIW) Sees Large Drop in Short Interest

First Trust Water ETF (NYSEARCA:FIW) saw a significant drop in short interest in the month of September. As of September 30th, there was short interest totaling 2,474 shares, a drop of 86.5% from the September 15th total of 18,269 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily volume of 56,237 shares, the short-interest ratio is presently 0.0 days.

Hedge Funds Weigh In On First Trust Water ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. Arax Advisory Partners bought a new stake in First Trust Water ETF during the fourth quarter worth about $20,342,000. Ameritas Advisory Services LLC increased its holdings in First Trust Water ETF by 42.4% in the 2nd quarter. Ameritas Advisory Services LLC now owns 157,875 shares of the company’s stock valued at $17,290,000 after buying an additional 47,042 shares during the period. Fifth Third Bancorp increased its holdings in First Trust Water ETF by 1,664.8% in the 1st quarter. Fifth Third Bancorp now owns 30,196 shares of the company’s stock valued at $3,114,000 after buying an additional 28,485 shares during the period. Sacks & Associates LLC acquired a new position in shares of First Trust Water ETF in the 3rd quarter valued at approximately $2,810,000. Finally, William John Sempolinski acquired a new position in shares of First Trust Water ETF in the 2nd quarter valued at approximately $2,913,000.

First Trust Water ETF Price Performance

FIW traded up $0.53 during trading on Friday, hitting $105.09. The stock had a trading volume of 35,827 shares, compared to its average volume of 55,780. The company has a 50 day moving average price of $108.21 and a 200-day moving average price of $106.67. The firm has a market cap of $1.72 billion, a price-to-earnings ratio of 24.17 and a beta of 0.99. First Trust Water ETF has a one year low of $98.52 and a one year high of $116.30.

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.