Short Interest in First Trust Water ETF (NYSEARCA:FIW) Grows By 74.0%

First Trust Water ETF (NYSEARCA:FIW) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 31,749 shares, a growth of 74.0% from the November 30th total of 18,244 shares. Based on an average daily trading volume, of 38,697 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.2% of the company’s shares are sold short. Currently, 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 38,697 shares, the days-to-cover ratio is presently 0.8 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Cullen Frost Bankers Inc. bought a new stake in shares of First Trust Water ETF during the 3rd quarter valued at about $35,000. Ameriflex Group Inc. lifted its holdings in First Trust Water ETF by 150.0% in the third quarter. Ameriflex Group Inc. now owns 340 shares of the company’s stock worth $38,000 after buying an additional 204 shares during the period. Investors Research Corp boosted its position in First Trust Water ETF by 19.9% during the 2nd quarter. Investors Research Corp now owns 705 shares of the company’s stock valued at $76,000 after acquiring an additional 117 shares in the last quarter. REAP Financial Group LLC grew its holdings in shares of First Trust Water ETF by 9.9% during the 3rd quarter. REAP Financial Group LLC now owns 991 shares of the company’s stock worth $111,000 after acquiring an additional 89 shares during the period. Finally, Allworth Financial LP raised its position in shares of First Trust Water ETF by 35.1% in the 2nd quarter. Allworth Financial LP now owns 1,539 shares of the company’s stock worth $166,000 after acquiring an additional 400 shares in the last quarter.

First Trust Water ETF Stock Down 0.2%

Shares of NYSEARCA:FIW traded down $0.17 during midday trading on Friday, hitting $110.76. 17,457 shares of the stock traded hands, compared to its average volume of 42,144. The business’s 50 day moving average is $111.28 and its two-hundred day moving average is $111.05. The stock has a market capitalization of $1.93 billion, a PE ratio of 24.17 and a beta of 1.05. First Trust Water ETF has a one year low of $89.31 and a one year high of $116.16.

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.