Short Interest in First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) Increases By 115.8%

First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) was the target of a significant increase in short interest in the month of August. As of August 14th, there was short interest totaling 1,449,340 shares, an increase of 115.8% from the July 30th total of 671,526 shares. Based on an average trading volume of 1,518,043 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.9% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of CIBR. HBK Sorce Advisory LLC raised its position in First Trust Nasdaq Cybersecurity ETF by 0.5% in the second quarter. HBK Sorce Advisory LLC now owns 26,899 shares of the company’s stock worth $2,625,000 after purchasing an additional 132 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in shares of First Trust Nasdaq Cybersecurity ETF by 0.5% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 34,318 shares of the company’s stock worth $3,083,000 after acquiring an additional 154 shares in the last quarter. Essex Financial Services Inc. boosted its holdings in shares of First Trust Nasdaq Cybersecurity ETF by 0.6% in the 4th quarter. Essex Financial Services Inc. now owns 27,041 shares of the company’s stock worth $1,932,000 after acquiring an additional 160 shares in the last quarter. Gotham Asset Management LLC grew its position in First Trust Nasdaq Cybersecurity ETF by 1.3% during the 3rd quarter. Gotham Asset Management LLC now owns 12,377 shares of the company’s stock worth $941,000 after acquiring an additional 162 shares during the last quarter. Finally, Fiduciary Trust Co grew its position in First Trust Nasdaq Cybersecurity ETF by 2.5% during the 3rd quarter. Fiduciary Trust Co now owns 6,711 shares of the company’s stock worth $510,000 after acquiring an additional 166 shares during the last quarter.

First Trust Nasdaq Cybersecurity ETF Stock Down 2.2%

Shares of CIBR stock traded down $2.23 during trading hours on Friday, reaching $98.56. The company’s stock had a trading volume of 1,573,504 shares, compared to its average volume of 1,610,520. The company has a market capitalization of $15.40 billion, a price-to-earnings ratio of 30.11 and a beta of 0.93. First Trust Nasdaq Cybersecurity ETF has a fifty-two week low of $60.07 and a fifty-two week high of $102.35. The firm’s 50 day simple moving average is $92.79 and its 200-day simple moving average is $78.91.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $0.0721 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.29 annualized dividend and a dividend yield of 0.3%.

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.