First Trust Water ETF (NYSEARCA:FIW) Sees Large Growth in Short Interest

First Trust Water ETF (NYSEARCA:FIW) saw a large increase in short interest during the month of October. As of October 15th, there was short interest totaling 16,043 shares, an increase of 548.5% from the September 30th total of 2,474 shares. Currently, 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 39,422 shares, the short-interest ratio is currently 0.4 days.

First Trust Water ETF Stock Performance

Shares of NYSEARCA FIW traded up $1.35 during midday trading on Thursday, reaching $111.32. 16,922 shares of the company’s stock were exchanged, compared to its average volume of 54,550. First Trust Water ETF has a 52-week low of $98.52 and a 52-week high of $116.30. The stock has a market capitalization of $1.81 billion, a PE ratio of 24.17 and a beta of 0.99. The business’s fifty day moving average price is $107.23 and its two-hundred day moving average price is $108.02.

Institutional Trading of First Trust Water ETF

Several institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC grew its holdings in shares of First Trust Water ETF by 4,011.6% in the 3rd quarter. International Assets Investment Management LLC now owns 600,000 shares of the company’s stock worth $62,268,000 after acquiring an additional 585,407 shares during the last quarter. Ameritas Advisory Services LLC raised its position in First Trust Water ETF by 42.4% during the second quarter. Ameritas Advisory Services LLC now owns 157,875 shares of the company’s stock valued at $17,290,000 after acquiring an additional 47,042 shares in the last quarter. Sigma Planning Corp bought a new stake in First Trust Water ETF in the third quarter worth $4,683,000. Fifth Third Bancorp boosted its position in First Trust Water ETF by 1,664.8% during the first quarter. Fifth Third Bancorp now owns 30,196 shares of the company’s stock worth $3,114,000 after purchasing an additional 28,485 shares during the period. Finally, Sacks & Associates LLC bought a new position in shares of First Trust Water ETF in the third quarter worth about $2,810,000.

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.