First Trust Water ETF (NYSEARCA:FIW) Short Interest Update

First Trust Water ETF (NYSEARCA:FIW) was the target of a significant growth in short interest in January. As of January 15th, there was short interest totaling 62,022 shares, a growth of 121.0% from the December 31st total of 28,058 shares. Based on an average daily trading volume, of 63,301 shares, the days-to-cover ratio is currently 1.0 days. Currently, 0.4% of the company’s shares are sold short. Currently, 0.4% of the company’s shares are sold short. Based on an average daily trading volume, of 63,301 shares, the days-to-cover ratio is currently 1.0 days.

First Trust Water ETF Price Performance

Shares of FIW stock traded down $0.39 during trading on Friday, reaching $112.74. The company’s stock had a trading volume of 42,800 shares, compared to its average volume of 58,015. First Trust Water ETF has a 1-year low of $89.31 and a 1-year high of $116.30. The stock’s 50-day moving average price is $111.82 and its 200 day moving average price is $111.88. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of 24.17 and a beta of 1.05.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. Cullen Frost Bankers Inc. purchased a new stake in First Trust Water ETF in the third quarter valued at approximately $35,000. Ameriflex Group Inc. raised its position in First Trust Water ETF by 150.0% in the 3rd quarter. Ameriflex Group Inc. now owns 340 shares of the company’s stock valued at $38,000 after purchasing an additional 204 shares during the last quarter. Newbridge Financial Services Group Inc. boosted its stake in First Trust Water ETF by 3,635.7% during the 4th quarter. Newbridge Financial Services Group Inc. now owns 523 shares of the company’s stock worth $57,000 after purchasing an additional 509 shares during the period. Elevated Capital Advisors LLC acquired a new position in First Trust Water ETF in the fourth quarter valued at $90,000. Finally, REAP Financial Group LLC increased its stake in First Trust Water ETF by 9.9% in the third quarter. REAP Financial Group LLC now owns 991 shares of the company’s stock valued at $111,000 after purchasing an additional 89 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.