Short Interest in First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) Drops By 16.8%

First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) saw a significant drop in short interest in the month of February. As of February 27th, there was short interest totaling 811,591 shares, a drop of 16.8% from the February 12th total of 974,923 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average daily trading volume, of 1,895,770 shares, the short-interest ratio is currently 0.4 days. Based on an average daily trading volume, of 1,895,770 shares, the short-interest ratio is currently 0.4 days. Approximately 0.5% of the shares of the stock are short sold.

First Trust Nasdaq Cybersecurity ETF Stock Performance

First Trust Nasdaq Cybersecurity ETF stock traded up $0.42 during midday trading on Tuesday, hitting $64.92. 921,547 shares of the company’s stock were exchanged, compared to its average volume of 1,622,174. The company has a market cap of $9.97 billion, a P/E ratio of 30.11 and a beta of 0.93. The stock has a 50-day moving average price of $67.78 and a two-hundred day moving average price of $72.31. First Trust Nasdaq Cybersecurity ETF has a 52-week low of $55.02 and a 52-week high of $78.34.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of CIBR. Bank of America Corp DE raised its stake in First Trust Nasdaq Cybersecurity ETF by 91.4% in the third quarter. Bank of America Corp DE now owns 14,860,424 shares of the company’s stock valued at $1,129,541,000 after purchasing an additional 7,097,058 shares in the last quarter. Laurel Wealth Advisors LLC grew its stake in First Trust Nasdaq Cybersecurity ETF by 7,426.6% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 4,535,556 shares of the company’s stock worth $342,797,000 after buying an additional 4,475,296 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its holdings in shares of First Trust Nasdaq Cybersecurity ETF by 258.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,353,579 shares of the company’s stock worth $96,713,000 after buying an additional 975,735 shares during the last quarter. LPL Financial LLC increased its holdings in shares of First Trust Nasdaq Cybersecurity ETF by 8.0% in the 4th quarter. LPL Financial LLC now owns 5,810,145 shares of the company’s stock worth $415,135,000 after buying an additional 430,986 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of First Trust Nasdaq Cybersecurity ETF by 9.7% during the 4th quarter. Wells Fargo & Company MN now owns 4,708,419 shares of the company’s stock valued at $336,417,000 after buying an additional 417,396 shares in the last quarter.

About First Trust Nasdaq Cybersecurity ETF

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.