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

First Trust Water ETF (NYSEARCA:FIW) was the target of a large growth in short interest in the month of 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 trading volume of 63,301 shares, the days-to-cover ratio is presently 1.0 days. Currently, 0.4% of the shares of the company are sold short. Currently, 0.4% of the shares of the company are sold short. Based on an average trading volume of 63,301 shares, the days-to-cover ratio is presently 1.0 days.

Institutional Investors Weigh In On First Trust Water ETF

Institutional investors have recently made changes to their positions in the company. Cullen Frost Bankers Inc. purchased a new stake in First Trust Water ETF during the third quarter worth $35,000. Ameriflex Group Inc. boosted its position in First Trust Water ETF by 150.0% during the third quarter. Ameriflex Group Inc. now owns 340 shares of the company’s stock valued at $38,000 after purchasing an additional 204 shares in the last quarter. Newbridge Financial Services Group Inc. grew its stake in First Trust Water ETF by 3,635.7% in the fourth quarter. Newbridge Financial Services Group Inc. now owns 523 shares of the company’s stock valued at $57,000 after purchasing an additional 509 shares during the last quarter. Elevated Capital Advisors LLC bought a new position in First Trust Water ETF in the fourth quarter worth about $90,000. Finally, REAP Financial Group LLC raised its holdings 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 worth $111,000 after purchasing an additional 89 shares in the last quarter.

First Trust Water ETF Price Performance

NYSEARCA FIW traded down $0.76 during trading hours on Friday, reaching $112.37. 7,990 shares of the stock traded hands, compared to its average volume of 56,249. The stock has a 50 day simple moving average of $111.76 and a two-hundred day simple moving average of $111.83. First Trust Water ETF has a 1 year low of $89.31 and a 1 year high of $116.30. The company has a market cap of $1.94 billion, a price-to-earnings ratio of 24.17 and a beta of 1.05.

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.