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

First Trust Water ETF (NYSEARCA:FIW) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totaling 18,269 shares, a growth of 216.5% from the August 31st total of 5,773 shares. Currently, 0.1% of the company’s stock are sold short. Based on an average trading volume of 57,177 shares, the days-to-cover ratio is presently 0.3 days.

First Trust Water ETF Stock Up 0.9%

FIW stock traded up $0.91 during trading hours on Friday, hitting $105.16. The company’s stock had a trading volume of 50,284 shares, compared to its average volume of 56,429. The stock has a 50 day moving average price of $108.88 and a two-hundred day moving average price of $106.68. First Trust Water ETF has a 12 month low of $98.52 and a 12 month high of $116.30. The company has a market capitalization of $1.75 billion, a PE ratio of 24.17 and a beta of 0.99.

Hedge Funds Weigh In On First Trust Water ETF

Several hedge funds have recently bought and sold shares of the business. Marshall & Sterling Wealth Advisors Inc. boosted its stake in shares of First Trust Water ETF by 4.2% during the 1st quarter. Marshall & Sterling Wealth Advisors Inc. now owns 2,646 shares of the company’s stock worth $273,000 after acquiring an additional 106 shares in the last quarter. IFP Advisors Inc lifted its holdings in First Trust Water ETF by 17.7% in the 4th quarter. IFP Advisors Inc now owns 731 shares of the company’s stock worth $79,000 after purchasing an additional 110 shares during the last quarter. Cibc World Market Inc. lifted its holdings in First Trust Water ETF by 0.8% in the 4th quarter. Cibc World Market Inc. now owns 14,936 shares of the company’s stock worth $1,623,000 after purchasing an additional 113 shares during the last quarter. Assetmark Inc. boosted its position in First Trust Water ETF by 88.0% during the first quarter. Assetmark Inc. now owns 344 shares of the company’s stock worth $35,000 after purchasing an additional 161 shares during the period. Finally, Prism Advisors Inc. boosted its position in First Trust Water ETF by 0.4% during the first quarter. Prism Advisors Inc. now owns 45,845 shares of the company’s stock worth $4,728,000 after purchasing an additional 186 shares during the period.

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.