First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) Short Interest Down 57.9% in January

First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) was the recipient of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 469,955 shares, a drop of 57.9% from the January 15th total of 1,115,720 shares. Based on an average daily volume of 1,178,266 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.3% of the shares of the company are short sold. Approximately 0.3% of the shares of the company are short sold. Based on an average daily volume of 1,178,266 shares, the days-to-cover ratio is presently 0.4 days.

First Trust Nasdaq Cybersecurity ETF Stock Performance

Shares of NASDAQ:CIBR opened at $65.10 on Friday. The company has a market capitalization of $10.00 billion, a P/E ratio of 30.11 and a beta of 0.93. The company’s 50-day moving average is $71.49 and its 200 day moving average is $73.49. First Trust Nasdaq Cybersecurity ETF has a fifty-two week low of $55.02 and a fifty-two week high of $78.34.

First Trust Nasdaq Cybersecurity ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a dividend of $0.2084 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.83 dividend on an annualized basis and a dividend yield of 1.3%. This is an increase from First Trust Nasdaq Cybersecurity ETF’s previous quarterly dividend of $0.00.

Institutional Investors Weigh In On First Trust Nasdaq Cybersecurity ETF

Hedge funds have recently modified their holdings of the stock. Colonial Trust Advisors purchased a new stake in First Trust Nasdaq Cybersecurity ETF in the second quarter worth $25,000. eCIO Inc. purchased a new stake in First Trust Nasdaq Cybersecurity ETF in the 4th quarter worth about $25,000. Nemes Rush Group LLC raised its stake in First Trust Nasdaq Cybersecurity ETF by 94.1% in the 4th quarter. Nemes Rush Group LLC now owns 359 shares of the company’s stock valued at $26,000 after acquiring an additional 174 shares during the period. Salem Investment Counselors Inc. bought a new stake in First Trust Nasdaq Cybersecurity ETF in the 3rd quarter valued at about $28,000. Finally, Hollencrest Capital Management purchased a new stake in First Trust Nasdaq Cybersecurity ETF during the second quarter valued at about $29,000.

About First Trust Nasdaq Cybersecurity ETF

The First Trust NASDAQ Cybersecurity ETF (CIBR) is an exchange-traded fund that is based on the Nasdaq CTA Cybersecurity index. The fund tracks a liquidity-weighted index that targets companies engaged in the cybersecurity industry. CIBR was launched on Jul 7, 2015 and is managed by First Trust.