First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) Stock Short Interest Jumps 91.3%

First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) was the target of a large growth in short interest in the month of October. As of October 30th, there was short interest totaling 1,205,445 shares, a growth of 91.3% from the October 15th total of 630,138 shares. Based on an average daily volume of 2,529,645 shares, the days-to-cover ratio is presently 0.5 days. Approximately 0.7% of the shares of the company are short sold.

Hedge Funds Weigh In On First Trust Nasdaq Cybersecurity ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. First Trust Advisors LP grew its position in shares of First Trust Nasdaq Cybersecurity ETF by 0.9% during the third quarter. First Trust Advisors LP now owns 1,237,858 shares of the company’s stock worth $127,597,000 after acquiring an additional 10,641 shares during the last quarter. Commonwealth Equity Services LLC increased its holdings in shares of First Trust Nasdaq Cybersecurity ETF by 4.3% in the 3rd quarter. Commonwealth Equity Services LLC now owns 1,203,835 shares of the company’s stock worth $124,103,000 after acquiring an additional 50,125 shares during the period. HighTower Advisors LLC increased its holdings in shares of First Trust Nasdaq Cybersecurity ETF by 1.3% in the 3rd quarter. HighTower Advisors LLC now owns 1,066,747 shares of the company’s stock worth $109,971,000 after acquiring an additional 14,083 shares during the period. Cetera Investment Advisers increased its holdings in shares of First Trust Nasdaq Cybersecurity ETF by 1.6% in the 1st quarter. Cetera Investment Advisers now owns 910,185 shares of the company’s stock worth $57,050,000 after acquiring an additional 14,420 shares during the period. Finally, Envestnet Asset Management Inc. lifted its position in First Trust Nasdaq Cybersecurity ETF by 0.8% in the 2nd quarter. Envestnet Asset Management Inc. now owns 789,156 shares of the company’s stock valued at $70,906,000 after purchasing an additional 6,069 shares during the last quarter.

First Trust Nasdaq Cybersecurity ETF Trading Down 1.5%

CIBR traded down $1.42 during trading on Friday, reaching $95.04. 1,573,476 shares of the company were exchanged, compared to its average volume of 1,726,595. The stock has a market cap of $16.48 billion, a P/E ratio of 30.84 and a beta of 0.91. The firm has a 50 day moving average of $101.13 and a 200 day moving average of $84.41. First Trust Nasdaq Cybersecurity ETF has a 52 week low of $60.07 and a 52 week high of $110.68.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were paid a $0.0029 dividend. The ex-dividend date was Thursday, September 24th. This is a negative change from First Trust Nasdaq Cybersecurity ETF’s previous quarterly dividend of $0.0721. This represents a $0.01 dividend on an annualized basis and a yield of 0.0%.

First Trust Nasdaq Cybersecurity ETF Company Profile

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.