Short Interest in First Trust Water ETF (NYSEARCA:FIW) Expands By 236.7%

First Trust Water ETF (NYSEARCA:FIW) was the recipient of a large increase in short interest during the month of May. As of May 29th, there was short interest totaling 12,985 shares, an increase of 236.7% from the May 14th total of 3,857 shares. Based on an average trading volume of 75,633 shares, the short-interest ratio is presently 0.2 days. Currently, 0.1% of the company’s shares are short sold.

First Trust Water ETF Trading Up 1.2%

Shares of NYSEARCA:FIW traded up $1.26 during trading on Thursday, reaching $104.72. The company’s stock had a trading volume of 42,762 shares, compared to its average volume of 59,970. First Trust Water ETF has a 12 month low of $98.52 and a 12 month high of $116.30. The firm’s 50 day simple moving average is $104.97 and its two-hundred day simple moving average is $108.68. The stock has a market capitalization of $1.79 billion, a PE ratio of 24.17 and a beta of 1.01.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FIW. O Shaughnessy Asset Management LLC lifted its holdings in shares of First Trust Water ETF by 64.9% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 249 shares of the company’s stock valued at $27,000 after acquiring an additional 98 shares during the last quarter. Godfrey Financial Associates Inc. purchased a new stake in First Trust Water ETF in the 4th quarter worth about $28,000. Evolution Wealth Management Inc. purchased a new stake in First Trust Water ETF in the 4th quarter worth about $32,000. Assetmark Inc. raised its position in First Trust Water ETF by 88.0% in the 1st quarter. Assetmark Inc. now owns 344 shares of the company’s stock worth $35,000 after purchasing an additional 161 shares during the period. Finally, Ameriflex Group Inc. raised its position in First Trust Water ETF by 150.0% in the 3rd quarter. Ameriflex Group Inc. now owns 340 shares of the company’s stock worth $38,000 after purchasing an additional 204 shares during the period.

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.