First Trust Water ETF (NYSEARCA:FIW) Shares Shorted: Short Interest Down 73.6% in October

First Trust Water ETF (NYSEARCA:FIW) was the target of a significant decline in short interest in October. As of October 30th, there was short interest totaling 4,241 shares, a decline of 73.6% from the October 15th total of 16,043 shares. Based on an average daily trading volume, of 43,778 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

First Trust Water ETF Stock Performance

NYSEARCA:FIW traded up $0.72 during trading hours on Friday, hitting $117.19. 30,856 shares of the company’s stock traded hands, compared to its average volume of 54,447. The firm has a market cap of $1.90 billion, a P/E ratio of 26.60 and a beta of 0.97. First Trust Water ETF has a twelve month low of $98.52 and a twelve month high of $119.42. The stock’s fifty day moving average price is $108.65 and its two-hundred day moving average price is $108.11.

Institutional Investors Weigh In On First Trust Water ETF

A number of institutional investors have recently bought and sold shares of FIW. CX Institutional bought a new position in First Trust Water ETF in the 2nd quarter valued at $37,000. Assetmark Inc. increased its stake in shares of First Trust Water ETF by 88.0% in the 1st quarter. Assetmark Inc. now owns 344 shares of the company’s stock valued at $35,000 after buying an additional 161 shares during the period. Balance Wealth Partners LLC bought a new stake in shares of First Trust Water ETF during the third quarter worth $36,000. Godfrey Financial Associates Inc. raised its position in shares of First Trust Water ETF by 34.6% during the third quarter. Godfrey Financial Associates Inc. now owns 350 shares of the company’s stock worth $36,000 after acquiring an additional 90 shares during the last quarter. Finally, Continuum Advisory LLC bought a new stake in shares of First Trust Water ETF during the second quarter worth $106,000.

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.