First Trust Water ETF (NYSEARCA:FIW) Short Interest Down 65.6% in August

First Trust Water ETF (NYSEARCA:FIW) saw a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 7,308 shares, a decrease of 65.6% from the July 30th total of 21,272 shares. Based on an average daily trading volume, of 35,165 shares, the short-interest ratio is presently 0.2 days. Currently, 0.0% of the company’s shares are short sold.

Hedge Funds Weigh In On First Trust Water ETF

Large investors have recently made changes to their positions in the company. C M Bidwell & Associates Ltd. bought a new position in First Trust Water ETF during the 2nd quarter valued at about $26,000. Field & Main Bank purchased a new position in shares of First Trust Water ETF during the second quarter valued at approximately $31,000. O Shaughnessy Asset Management LLC boosted its position in shares of First Trust Water ETF by 64.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 249 shares of the company’s stock valued at $27,000 after buying an additional 98 shares during the period. Godfrey Financial Associates Inc. bought a new position in shares of First Trust Water ETF during the fourth quarter valued at approximately $28,000. Finally, Evolution Wealth Management Inc. bought a new position in shares of First Trust Water ETF during the fourth quarter valued at approximately $32,000.

First Trust Water ETF Stock Down 0.4%

FIW traded down $0.45 during trading on Friday, reaching $110.47. The company had a trading volume of 25,654 shares, compared to its average volume of 54,108. The business has a 50 day simple moving average of $109.39 and a 200-day simple moving average of $107.54. The stock has a market cap of $1.89 billion, a P/E ratio of 24.17 and a beta of 0.99. First Trust Water ETF has a 52 week low of $98.52 and a 52 week high of $116.30.

About First Trust Water ETF

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.