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

First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 1,277,532 shares, an increase of 109.1% from the April 30th total of 610,996 shares. Approximately 0.8% of the company’s stock are sold short. Based on an average trading volume of 1,507,418 shares, the days-to-cover ratio is currently 0.8 days.

First Trust Nasdaq Cybersecurity ETF Stock Performance

Shares of NASDAQ CIBR opened at $89.04 on Monday. First Trust Nasdaq Cybersecurity ETF has a fifty-two week low of $60.07 and a fifty-two week high of $89.15. The company has a market cap of $13.49 billion, a PE ratio of 30.11 and a beta of 0.85. The business has a 50-day simple moving average of $70.30 and a two-hundred day simple moving average of $70.21.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued 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%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. eCIO Inc. acquired a new position in First Trust Nasdaq Cybersecurity ETF in the fourth quarter valued at approximately $25,000. Nemes Rush Group LLC increased its position 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 in the last quarter. Gilpin Wealth Management LLC purchased a new stake in shares of First Trust Nasdaq Cybersecurity ETF during the fourth quarter worth approximately $28,000. Ransom Advisory Ltd purchased a new stake in First Trust Nasdaq Cybersecurity ETF in the 4th quarter valued at $29,000. Finally, Truvestments Capital LLC purchased a new stake in First Trust Nasdaq Cybersecurity ETF in the 4th quarter valued at $29,000.

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.