Short Interest in First Trust Water ETF (NYSEARCA:FIW) Increases By 569.4%

First Trust Water ETF (NYSEARCA:FIW) was the target of a significant growth in short interest in the month of 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. Based on an average trading volume of 56,755 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Trading of First Trust Water ETF

Several hedge funds and other institutional investors have recently modified their holdings of the business. Harel Insurance Investments & Financial Services Ltd. increased its stake in First Trust Water ETF by 140.2% in the 3rd quarter. Harel Insurance Investments & Financial Services Ltd. now owns 12,670 shares of the company’s stock valued at $1,423,000 after buying an additional 7,395 shares during the period. BIP Wealth LLC acquired a new position in shares of First Trust Water ETF in the fourth quarter worth $3,329,000. Fifth Third Securities Inc. purchased a new stake in shares of First Trust Water ETF during the fourth quarter worth $1,655,000. Florin Court Capital LLP raised its holdings in shares of First Trust Water ETF by 124.1% during the third quarter. Florin Court Capital LLP now owns 22,717 shares of the company’s stock worth $2,552,000 after acquiring an additional 12,578 shares in the last quarter. Finally, Envestnet Asset Management Inc. boosted its position in First Trust Water ETF by 7.5% during the third quarter. Envestnet Asset Management Inc. now owns 214,141 shares of the company’s stock valued at $24,059,000 after purchasing an additional 14,978 shares during the last quarter.

First Trust Water ETF Stock Performance

Shares of NYSEARCA:FIW traded up $0.62 during mid-day trading on Thursday, hitting $102.24. The stock had a trading volume of 54,640 shares, compared to its average volume of 57,352. The company’s 50 day moving average is $105.90 and its 200-day moving average is $109.89. First Trust Water ETF has a 12-month low of $100.75 and a 12-month high of $116.30. The company has a market cap of $1.75 billion, a PE ratio of 24.17 and a beta of 1.03.

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.