First Trust Water ETF (NYSEARCA:FIW) Short Interest Up 74.0% in December

First Trust Water ETF (NYSEARCA:FIW) was the target of a significant 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 volume of 38,697 shares, the days-to-cover ratio is presently 0.8 days. Currently, 0.2% of the shares of the stock are sold short. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 38,697 shares, the days-to-cover ratio is presently 0.8 days.

First Trust Water ETF Trading Down 0.2%

Shares of NYSEARCA:FIW traded down $0.17 during trading on Friday, reaching $110.76. The company’s stock had a trading volume of 17,457 shares, compared to its average volume of 42,144. 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 12 month low of $89.31 and a 12 month high of $116.16. The firm’s 50 day simple moving average is $111.28 and its two-hundred day simple moving average is $111.05.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. CreativeOne Wealth LLC raised its stake in shares of First Trust Water ETF by 56.9% during the 2nd quarter. CreativeOne Wealth LLC now owns 4,819 shares of the company’s stock valued at $520,000 after buying an additional 1,748 shares during the last quarter. Fortitude Financial LLC acquired a new stake in First Trust Water ETF during the second quarter worth about $5,099,000. KWB Wealth purchased a new position in First Trust Water ETF during the second quarter valued at approximately $255,000. Wealth Enhancement Advisory Services LLC raised its position in First Trust Water ETF by 3.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 9,301 shares of the company’s stock valued at $1,028,000 after acquiring an additional 321 shares in the last quarter. Finally, Clear Creek Financial Management LLC lifted its holdings in First Trust Water ETF by 2.0% in the second quarter. Clear Creek Financial Management LLC now owns 9,870 shares of the company’s stock valued at $1,066,000 after acquiring an additional 191 shares during the period.

About First Trust Water ETF

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.