First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) Sees Large Growth in Short Interest

First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) saw a large growth in short interest in June. As of June 30th, there was short interest totaling 761,501 shares, a growth of 122.5% from the June 15th total of 342,203 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average daily volume of 1,470,089 shares, the short-interest ratio is currently 0.5 days.

First Trust Nasdaq Cybersecurity ETF Price Performance

First Trust Nasdaq Cybersecurity ETF stock traded down $1.58 during mid-day trading on Wednesday, reaching $93.15. 628,515 shares of the company traded hands, compared to its average volume of 1,623,320. First Trust Nasdaq Cybersecurity ETF has a fifty-two week low of $60.07 and a fifty-two week high of $95.96. The company has a market capitalization of $14.38 billion, a price-to-earnings ratio of 30.11 and a beta of 0.94. The firm’s fifty day moving average is $85.25 and its two-hundred day moving average is $73.51.

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 issued a dividend of $0.0721 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 0.3%.

Hedge Funds Weigh In On First Trust Nasdaq Cybersecurity ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CIBR. eCIO Inc. purchased a new stake in First Trust Nasdaq Cybersecurity ETF during the 4th quarter valued at about $25,000. Nemes Rush Group LLC lifted its holdings in shares of First Trust Nasdaq Cybersecurity ETF by 94.1% during the fourth quarter. Nemes Rush Group LLC now owns 359 shares of the company’s stock worth $26,000 after purchasing an additional 174 shares during the period. Gilpin Wealth Management LLC acquired a new stake in shares of First Trust Nasdaq Cybersecurity ETF during the fourth quarter worth about $28,000. Ransom Advisory Ltd purchased a new stake in First Trust Nasdaq Cybersecurity ETF in the fourth quarter valued at approximately $29,000. Finally, Truvestments Capital LLC purchased a new stake in First Trust Nasdaq Cybersecurity ETF in the fourth quarter valued at approximately $29,000.

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.