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

First Trust Water ETF (NYSEARCA:FIW) saw a large increase in short interest during the month of June. As of June 15th, there was short interest totaling 26,118 shares, an increase of 101.1% from the May 31st total of 12,985 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily trading volume, of 63,747 shares, the short-interest ratio is currently 0.4 days.

First Trust Water ETF Stock Down 1.1%

Shares of First Trust Water ETF stock traded down $1.17 during trading hours on Wednesday, hitting $108.35. 25,154 shares of the company’s stock traded hands, compared to its average volume of 58,301. First Trust Water ETF has a twelve month low of $98.52 and a twelve month high of $116.30. The company has a market cap of $1.85 billion, a PE ratio of 24.17 and a beta of 1.01. The stock has a 50 day simple moving average of $105.17 and a 200-day simple moving average of $108.28.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. BIP Wealth LLC acquired a new stake in shares of First Trust Water ETF during the fourth quarter worth approximately $3,329,000. Natural Investments LLC acquired a new stake in First Trust Water ETF in the fourth quarter valued at $551,000. Fifth Third Securities Inc. acquired a new stake in First Trust Water ETF in the fourth quarter valued at $1,655,000. Legacy Edge Advisors LLC acquired a new stake in First Trust Water ETF in the fourth quarter valued at $641,000. Finally, Ameritas Advisory Services LLC boosted its stake in First Trust Water ETF by 4,103.9% during the 4th quarter. Ameritas Advisory Services LLC now owns 111,109 shares of the company’s stock valued at $12,071,000 after acquiring an additional 108,466 shares during the last quarter.

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.