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

by · The Cerbat Gem

First Trust Water ETF (NYSEARCA:FIW – Get Free Report) was the recipient of a large decline in short interest in May. As of May 15th, there was short interest totaling 3,857 shares, a decline of 54.2% from the April 30th total of 8,428 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 63,340 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On First Trust Water ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. LPL Financial LLC raised its holdings in First Trust Water ETF by 3.9% in the 4th quarter. LPL Financial LLC now owns 936,052 shares of the company’s stock valued at $101,693,000 after acquiring an additional 34,753 shares in the last quarter. Bank of America Corp DE raised its holdings in First Trust Water ETF by 3.1% in the 3rd quarter. Bank of America Corp DE now owns 483,853 shares of the company’s stock valued at $54,361,000 after acquiring an additional 14,736 shares in the last quarter. Polianta Ltd raised its holdings in First Trust Water ETF by 86.0% in the 4th quarter. Polianta Ltd now owns 267,700 shares of the company’s stock valued at $29,082,000 after acquiring an additional 123,800 shares in the last quarter. Raymond James Financial Inc. raised its holdings in First Trust Water ETF by 18.2% in the 3rd quarter. Raymond James Financial Inc. now owns 260,093 shares of the company’s stock valued at $29,221,000 after acquiring an additional 39,966 shares in the last quarter. Finally, Stifel Financial Corp raised its holdings in First Trust Water ETF by 0.9% in the 4th quarter. Stifel Financial Corp now owns 222,375 shares of the company’s stock valued at $24,160,000 after acquiring an additional 2,002 shares in the last quarter.

First Trust Water ETF Trading Down 0.1%

NYSEARCA FIW traded down $0.06 during midday trading on Friday, hitting $103.74. The company had a trading volume of 60,823 shares, compared to its average volume of 59,391. The company has a market capitalization of $1.77 billion, a PE ratio of 24.17 and a beta of 1.03. The firm has a 50-day moving average price of $104.66 and a 200-day moving average price of $109.03. First Trust Water ETF has a twelve month low of $98.52 and a twelve month high of $116.30.

First Trust Water ETF Company Profile

(Get Free Report)

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.

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