Short Interest in First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) Decreases By 59.7%

First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) saw a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 514,269 shares, a decline of 59.7% from the May 14th total of 1,277,532 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily trading volume, of 1,756,521 shares, the days-to-cover ratio is presently 0.3 days.

First Trust Nasdaq Cybersecurity ETF Stock Performance

CIBR traded down $0.14 during trading on Friday, hitting $85.33. The stock had a trading volume of 1,301,548 shares, compared to its average volume of 1,646,429. The firm has a market capitalization of $12.93 billion, a P/E ratio of 30.11 and a beta of 0.94. The company’s 50-day moving average price is $75.32 and its 200 day moving average price is $71.22. First Trust Nasdaq Cybersecurity ETF has a twelve month low of $60.07 and a twelve month high of $94.39.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a dividend of $0.1098 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.5%.

Hedge Funds Weigh In On First Trust Nasdaq Cybersecurity ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Rathbones Group PLC grew its stake in shares of First Trust Nasdaq Cybersecurity ETF by 1.3% during the 1st quarter. Rathbones Group PLC now owns 51,024 shares of the company’s stock worth $3,198,000 after purchasing an additional 654 shares during the period. Pine Valley Investments Ltd Liability Co grew its stake in shares of First Trust Nasdaq Cybersecurity ETF by 7.9% during the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 110,644 shares of the company’s stock worth $6,935,000 after purchasing an additional 8,095 shares during the period. Parallel Advisors LLC grew its stake in shares of First Trust Nasdaq Cybersecurity ETF by 3.9% during the 1st quarter. Parallel Advisors LLC now owns 33,306 shares of the company’s stock worth $2,088,000 after purchasing an additional 1,256 shares during the period. NewEdge Advisors LLC grew its stake in shares of First Trust Nasdaq Cybersecurity ETF by 15.3% during the 1st quarter. NewEdge Advisors LLC now owns 233,645 shares of the company’s stock worth $14,645,000 after purchasing an additional 30,918 shares during the period. Finally, Dala Group LLC acquired a new position in shares of First Trust Nasdaq Cybersecurity ETF during the 1st quarter worth $4,809,000.

About First Trust Nasdaq Cybersecurity ETF

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.