First Trust NYSE Arca Biotechnology Index Fund (NYSEARCA:FBT) Short Interest Update

First Trust NYSE Arca Biotechnology Index Fund (NYSEARCA:FBT) saw a significant increase in short interest during the month of April. As of April 30th, there was short interest totaling 35,295 shares, an increase of 79.8% from the April 15th total of 19,633 shares. Based on an average daily trading volume, of 53,486 shares, the short-interest ratio is currently 0.7 days. Currently, 0.3% of the shares of the company are short sold.

Institutional Trading of First Trust NYSE Arca Biotechnology Index Fund

Hedge funds have recently made changes to their positions in the business. High Point Wealth Management LLC acquired a new stake in shares of First Trust NYSE Arca Biotechnology Index Fund in the fourth quarter valued at approximately $26,000. AG Campbell Advisory LLC acquired a new stake in shares of First Trust NYSE Arca Biotechnology Index Fund in the fourth quarter valued at approximately $31,000. Russell Investments Group Ltd. lifted its position in shares of First Trust NYSE Arca Biotechnology Index Fund by 7,900.0% in the third quarter. Russell Investments Group Ltd. now owns 160 shares of the company’s stock valued at $29,000 after buying an additional 158 shares during the last quarter. Rossby Financial LCC lifted its position in shares of First Trust NYSE Arca Biotechnology Index Fund by 160.0% in the third quarter. Rossby Financial LCC now owns 169 shares of the company’s stock valued at $31,000 after buying an additional 104 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in shares of First Trust NYSE Arca Biotechnology Index Fund in the first quarter valued at approximately $34,000.

First Trust NYSE Arca Biotechnology Index Fund Price Performance

FBT opened at $206.89 on Monday. First Trust NYSE Arca Biotechnology Index Fund has a 12-month low of $156.63 and a 12-month high of $224.94. The stock has a market cap of $2.34 billion, a price-to-earnings ratio of 21.72 and a beta of 0.66. The business has a 50 day moving average of $202.28 and a 200-day moving average of $206.34.

About First Trust NYSE Arca Biotechnology Index Fund

The First Trust NYSE Arca Biotechnology Index Fund (FBT) is an exchange-traded fund that is based on the NYSE Arca Biotechnology index. The fund tracks an equal-weighted index of US biotechnology stocks. FBT was launched on Jun 19, 2006 and is managed by First Trust.