First Trust Water ETF (NYSEARCA:FIW) Short Interest Up 23.3% in March

First Trust Water ETF (NYSEARCA:FIW) was the target of a significant increase in short interest in March. As of March 13th, there was short interest totaling 30,927 shares, an increase of 23.3% from the February 26th total of 25,084 shares. Currently, 0.2% of the company’s shares are short sold. Based on an average daily trading volume, of 63,346 shares, the days-to-cover ratio is presently 0.5 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. LPL Financial LLC lifted its stake in shares of First Trust Water ETF by 3.9% during the 4th quarter. LPL Financial LLC now owns 936,052 shares of the company’s stock worth $101,693,000 after purchasing an additional 34,753 shares during the period. Bank of America Corp DE grew its position in shares of First Trust Water ETF by 3.1% in the third quarter. Bank of America Corp DE now owns 483,853 shares of the company’s stock valued at $54,361,000 after purchasing an additional 14,736 shares during the period. Polianta Ltd increased its stake in First Trust Water ETF by 86.0% in the fourth quarter. Polianta Ltd now owns 267,700 shares of the company’s stock valued at $29,082,000 after purchasing an additional 123,800 shares during the last quarter. Raymond James Financial Inc. increased its stake in First Trust Water ETF by 18.2% in the third quarter. Raymond James Financial Inc. now owns 260,093 shares of the company’s stock valued at $29,221,000 after purchasing an additional 39,966 shares during the last quarter. Finally, Stifel Financial Corp lifted its position in First Trust Water ETF by 0.9% during the fourth quarter. Stifel Financial Corp now owns 222,375 shares of the company’s stock worth $24,160,000 after buying an additional 2,002 shares during the period.

First Trust Water ETF Stock Down 0.2%

Shares of NYSEARCA:FIW traded down $0.22 during trading on Monday, reaching $100.90. The stock had a trading volume of 170,861 shares, compared to its average volume of 57,699. The business has a fifty day moving average price of $110.32 and a 200-day moving average price of $111.25. The stock has a market cap of $1.75 billion, a P/E ratio of 24.17 and a beta of 1.05. First Trust Water ETF has a fifty-two week low of $89.31 and a fifty-two week high of $116.30.

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.