First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) Short Interest Up 109.1% in May

First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) was the target of a large increase in short interest in May. As of May 15th, there was short interest totaling 1,277,532 shares, an increase of 109.1% from the April 30th total of 610,996 shares. Based on an average daily trading volume, of 1,507,418 shares, the short-interest ratio is currently 0.8 days. Approximately 0.8% of the company’s shares are sold short.

Institutional Trading of First Trust Nasdaq Cybersecurity ETF

Hedge funds have recently made changes to their positions in the business. Dala Group LLC acquired a new stake in First Trust Nasdaq Cybersecurity ETF during the first quarter worth approximately $4,809,000. Maripau Wealth Management LLC raised its position in First Trust Nasdaq Cybersecurity ETF by 16.3% during the first quarter. Maripau Wealth Management LLC now owns 3,613 shares of the company’s stock valued at $226,000 after purchasing an additional 506 shares in the last quarter. Western Wealth Management LLC raised its position in First Trust Nasdaq Cybersecurity ETF by 2.4% during the first quarter. Western Wealth Management LLC now owns 20,093 shares of the company’s stock valued at $1,259,000 after purchasing an additional 464 shares in the last quarter. Sonoma Allocations LLC bought a new stake in shares of First Trust Nasdaq Cybersecurity ETF during the first quarter worth $296,000. Finally, Paragon Private Wealth Management LLC grew its stake in shares of First Trust Nasdaq Cybersecurity ETF by 7.7% during the first quarter. Paragon Private Wealth Management LLC now owns 10,425 shares of the company’s stock worth $653,000 after buying an additional 745 shares during the last quarter.

First Trust Nasdaq Cybersecurity ETF Stock Performance

CIBR stock remained flat at $94.15 during trading hours on Tuesday. The company’s stock had a trading volume of 2,206,094 shares, compared to its average volume of 1,627,214. The firm’s 50 day simple moving average is $70.88 and its 200-day simple moving average is $70.33. The company has a market cap of $14.26 billion, a P/E ratio of 30.11 and a beta of 0.94. First Trust Nasdaq Cybersecurity ETF has a 52-week low of $60.07 and a 52-week high of $94.40.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a dividend of $0.1098 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Thursday, March 26th.

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.