First Trust Water ETF (NYSEARCA:FIW) Sees Significant Decline in Short Interest

First Trust Water ETF (NYSEARCA:FIW) was the target of a large decline in short interest in the month of May. As of May 15th, there was short interest totaling 3,857 shares, a decline of 54.2% from the April 30th total of 8,428 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 63,340 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Trading of First Trust Water ETF

Several institutional investors have recently added to or reduced their stakes in FIW. Arax Advisory Partners bought a new stake in First Trust Water ETF in the 4th quarter valued at $20,342,000. Polianta Ltd boosted its stake in First Trust Water ETF by 86.0% in the 4th 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 period. Ameritas Advisory Services LLC boosted its stake in First Trust Water ETF by 4,103.9% in the 4th quarter. Ameritas Advisory Services LLC now owns 111,109 shares of the company’s stock valued at $12,071,000 after purchasing an additional 108,466 shares during the period. Pursuit Wealth Management LLC acquired a new position in First Trust Water ETF in the 4th quarter valued at $5,007,000. Finally, Modern Wealth Management LLC acquired a new position in First Trust Water ETF in the 2nd quarter valued at $4,676,000.

First Trust Water ETF Price Performance

FIW traded down $0.06 during trading on Friday, hitting $103.74. The stock had a trading volume of 60,823 shares, compared to its average volume of 59,391. The company has a 50 day moving average price of $104.66 and a 200-day moving average price of $109.03. The firm has a market cap of $1.77 billion, a price-to-earnings ratio of 24.17 and a beta of 1.03. First Trust Water ETF has a one year low of $98.52 and a one year 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.