First Trust Water ETF (NYSEARCA:FIW) Sees Large Drop in Short Interest

First Trust Water ETF (NYSEARCA:FIW) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 2,474 shares, a decline of 86.5% from the September 15th total of 18,269 shares. Based on an average trading volume of 56,237 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are sold short.

First Trust Water ETF Stock Up 0.5%

Shares of FIW stock traded up $0.53 during trading on Friday, reaching $105.09. 35,827 shares of the company’s stock were exchanged, compared to its average volume of 55,780. First Trust Water ETF has a twelve month low of $98.52 and a twelve month high of $116.30. The firm’s fifty day moving average price is $108.21 and its 200-day moving average price is $106.67. The stock has a market capitalization of $1.72 billion, a PE ratio of 24.17 and a beta of 0.99.

Hedge Funds Weigh In On First Trust Water ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Assetmark Inc. boosted its holdings in shares of First Trust Water ETF by 88.0% during the 1st quarter. Assetmark Inc. now owns 344 shares of the company’s stock worth $35,000 after buying an additional 161 shares during the period. CX Institutional acquired a new stake in First Trust Water ETF during the second quarter worth approximately $37,000. Compass Financial Management LLC acquired a new stake in First Trust Water ETF during the second quarter worth approximately $43,000. Continuum Advisory LLC bought a new stake in shares of First Trust Water ETF during the second quarter worth approximately $106,000. Finally, Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of First Trust Water ETF by 167.7% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 1,839 shares of the company’s stock worth $192,000 after acquiring an additional 1,152 shares during the period.

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.