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

First Trust Water ETF (NYSEARCA:FIW) was the target of a large growth in short interest in April. As of April 30th, there was short interest totaling 8,428 shares, a growth of 569.4% from the April 15th total of 1,259 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 56,755 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Trading of First Trust Water ETF

Large investors have recently made changes to their positions in the business. Ausdal Financial Partners Inc. lifted its holdings in shares of First Trust Water ETF by 2.9% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 10,976 shares of the company’s stock valued at $1,185,000 after acquiring an additional 306 shares during the last quarter. Jane Street Group LLC purchased a new stake in First Trust Water ETF during the second quarter valued at approximately $1,261,000. Bank of America Corp DE lifted its stake in shares of First Trust Water ETF by 5.1% in the 2nd quarter. Bank of America Corp DE now owns 469,117 shares of the company’s stock valued at $50,655,000 after purchasing an additional 22,581 shares during the last quarter. Modern Wealth Management LLC purchased a new position in shares of First Trust Water ETF in the 2nd quarter worth approximately $4,676,000. Finally, B. Riley Wealth Advisors Inc. purchased a new position in shares of First Trust Water ETF in the 2nd quarter worth approximately $228,000.

First Trust Water ETF Stock Performance

Shares of FIW traded down $0.88 during mid-day trading on Tuesday, hitting $103.63. 41,116 shares of the stock were exchanged, compared to its average volume of 56,784. The company has a market cap of $1.77 billion, a PE ratio of 24.17 and a beta of 1.03. First Trust Water ETF has a 52-week low of $100.75 and a 52-week high of $116.30. The firm has a 50-day moving average of $106.34 and a two-hundred day moving average of $110.07.

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.