First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) Shares Shorted: Short Interest Down 77.6% in October

First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) was the recipient of a significant decrease in short interest during the month of October. As of October 15th, there was short interest totaling 630,138 shares, a decrease of 77.6% from the September 30th total of 2,817,209 shares. Currently, 0.4% of the company’s stock are sold short. Based on an average daily trading volume, of 2,169,643 shares, the days-to-cover ratio is currently 0.3 days.

First Trust Nasdaq Cybersecurity ETF Trading Down 2.7%

NASDAQ CIBR traded down $2.92 during trading on Thursday, hitting $105.00. 3,470,869 shares of the company traded hands, compared to its average volume of 1,699,586. First Trust Nasdaq Cybersecurity ETF has a 12 month low of $60.07 and a 12 month high of $110.68. The business has a fifty day simple moving average of $101.15 and a 200 day simple moving average of $83.09. The company has a market capitalization of $18.16 billion, a P/E ratio of 30.11 and a beta of 0.93.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a $0.0029 dividend. This is a decrease from First Trust Nasdaq Cybersecurity ETF’s previous quarterly dividend of $0.0721. The ex-dividend date was Thursday, September 24th. This represents a $0.01 annualized dividend and a yield of 0.0%.

Institutional Investors Weigh In On First Trust Nasdaq Cybersecurity ETF

A number of large investors have recently added to or reduced their stakes in the stock. Hilton Head Capital Partners LLC raised its position in shares of First Trust Nasdaq Cybersecurity ETF by 1,560.0% in the third quarter. Hilton Head Capital Partners LLC now owns 249 shares of the company’s stock valued at $26,000 after purchasing an additional 234 shares during the period. Tucker Asset Management LLC bought a new stake in shares of First Trust Nasdaq Cybersecurity ETF during the 2nd quarter worth $39,000. GAMMA Investing LLC boosted its holdings in shares of First Trust Nasdaq Cybersecurity ETF by 1,811.1% during the 3rd quarter. GAMMA Investing LLC now owns 516 shares of the company’s stock worth $53,000 after buying an additional 489 shares during the period. Blue Trust Inc. boosted its holdings in shares of First Trust Nasdaq Cybersecurity ETF by 1,108.1% during the 1st quarter. Blue Trust Inc. now owns 1,039 shares of the company’s stock worth $65,000 after buying an additional 953 shares during the period. Finally, Polaris Financial Partners bought a new stake in shares of First Trust Nasdaq Cybersecurity ETF during the 3rd quarter worth $65,000.

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.