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

First Trust Water ETF (NYSEARCA:FIW) was the recipient of a large growth in short interest during the month of March. As of March 13th, there was short interest totaling 30,927 shares, a growth of 23.3% from the February 26th total of 25,084 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 63,346 shares, the days-to-cover ratio is currently 0.5 days.

First Trust Water ETF Stock Performance

First Trust Water ETF stock opened at $103.13 on Wednesday. The company’s 50 day simple moving average is $110.12 and its 200-day simple moving average is $111.19. 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 capitalization of $1.78 billion, a price-to-earnings ratio of 24.17 and a beta of 1.05.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. KWB Wealth grew its stake in shares of First Trust Water ETF by 3.5% in the 3rd quarter. KWB Wealth now owns 2,617 shares of the company’s stock valued at $283,000 after purchasing an additional 89 shares during the last quarter. REAP Financial Group LLC raised its stake in shares of First Trust Water ETF by 9.9% during 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 during the last quarter. Signature Estate & Investment Advisors LLC lifted its holdings in shares of First Trust Water ETF by 0.9% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 9,924 shares of the company’s stock worth $1,078,000 after purchasing an additional 92 shares during the period. O Shaughnessy Asset Management LLC grew its position in First Trust Water ETF by 64.9% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 249 shares of the company’s stock valued at $27,000 after buying an additional 98 shares during the last quarter. Finally, Princeton Global Asset Management LLC increased its stake in First Trust Water ETF by 3.3% in the 3rd quarter. Princeton Global Asset Management LLC now owns 3,440 shares of the company’s stock valued at $386,000 after buying an additional 109 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.