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

First Trust Water ETF (NYSEARCA:FIW) saw a significant growth in short interest in the month of October. As of October 15th, there was short interest totaling 16,043 shares, a growth of 548.5% from the September 30th total of 2,474 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 39,422 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Ameritas Advisory Services LLC increased its position in First Trust Water ETF by 42.4% during the 2nd quarter. Ameritas Advisory Services LLC now owns 157,875 shares of the company’s stock valued at $17,290,000 after purchasing an additional 47,042 shares during the period. Sigma Planning Corp acquired a new position in shares of First Trust Water ETF during the third quarter worth approximately $4,683,000. Fifth Third Bancorp increased its stake in First Trust Water ETF by 1,664.8% during the 1st quarter. Fifth Third Bancorp now owns 30,196 shares of the company’s stock valued at $3,114,000 after purchasing an additional 28,485 shares in the last quarter. Sacks & Associates LLC acquired a new position in shares of First Trust Water ETF during the third quarter valued at about $2,810,000. Finally, William John Sempolinski bought a new stake in First Trust Water ETF during the 2nd quarter worth approximately $2,913,000.

First Trust Water ETF Stock Down 0.3%

Shares of NYSEARCA:FIW traded down $0.28 during trading on Tuesday, reaching $109.86. 16,657 shares of the company traded hands, compared to its average volume of 54,731. The firm has a market capitalization of $1.79 billion, a PE ratio of 24.17 and a beta of 0.99. The company’s 50 day moving average is $107.27 and its two-hundred day moving average is $108.05. First Trust Water ETF has a 52 week low of $98.52 and a 52 week high of $116.30.

First Trust Water ETF Company Profile

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.