Short Interest in First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) Drops By 59.7%

First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) was the recipient of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 514,269 shares, a decrease of 59.7% from the May 14th total of 1,277,532 shares. Based on an average daily volume of 1,756,521 shares, the days-to-cover ratio is currently 0.3 days. Approximately 0.3% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in CIBR. Bank of America Corp DE lifted its stake in shares of First Trust Nasdaq Cybersecurity ETF by 91.4% in the 3rd 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 during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in First Trust Nasdaq Cybersecurity ETF by 258.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,353,579 shares of the company’s stock valued at $96,713,000 after buying an additional 975,735 shares during the last quarter. LPL Financial LLC lifted its position in First Trust Nasdaq Cybersecurity ETF by 8.0% in the fourth quarter. LPL Financial LLC now owns 5,810,145 shares of the company’s stock valued at $415,135,000 after buying an additional 430,986 shares during the last quarter. Wells Fargo & Company MN boosted its stake in First Trust Nasdaq Cybersecurity ETF by 9.7% during the fourth quarter. Wells Fargo & Company MN now owns 4,708,419 shares of the company’s stock worth $336,417,000 after buying an additional 417,396 shares during the period. Finally, Morgan Stanley increased its position in shares of First Trust Nasdaq Cybersecurity ETF by 3.0% during the fourth quarter. Morgan Stanley now owns 13,557,064 shares of the company’s stock valued at $968,652,000 after acquiring an additional 394,758 shares during the last quarter.

First Trust Nasdaq Cybersecurity ETF Trading Down 0.2%

First Trust Nasdaq Cybersecurity ETF stock traded down $0.14 during midday trading on Friday, hitting $85.33. 1,301,548 shares of the stock were exchanged, compared to its average volume of 1,646,429. The stock’s 50-day simple moving average is $75.32 and its 200 day simple moving average is $71.22. First Trust Nasdaq Cybersecurity ETF has a fifty-two week low of $60.07 and a fifty-two week high of $94.39. The stock has a market capitalization of $12.93 billion, a price-to-earnings ratio of 30.11 and a beta of 0.94.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

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

First Trust Nasdaq Cybersecurity ETF Company Profile

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.