Short Interest in First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) Declines By 70.6%

First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) saw a significant drop in short interest in April. As of April 30th, there was short interest totaling 610,996 shares, a drop of 70.6% from the April 15th total of 2,079,481 shares. Based on an average daily volume of 1,435,291 shares, the short-interest ratio is currently 0.4 days. Currently, 0.4% of the company’s stock are sold short.

First Trust Nasdaq Cybersecurity ETF Stock Performance

First Trust Nasdaq Cybersecurity ETF stock opened at $74.84 on Wednesday. First Trust Nasdaq Cybersecurity ETF has a fifty-two week low of $60.07 and a fifty-two week high of $78.34. The firm’s 50-day simple moving average is $65.91 and its 200 day simple moving average is $69.71. The stock has a market cap of $11.34 billion, a PE ratio of 30.11 and a beta of 0.85.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were paid a $0.1098 dividend. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Thursday, March 26th.

Hedge Funds Weigh In On First Trust Nasdaq Cybersecurity ETF

Several institutional investors have recently modified their holdings of the business. eCIO Inc. purchased a new position in First Trust Nasdaq Cybersecurity ETF in the fourth quarter worth $25,000. Nemes Rush Group LLC increased its position in shares of First Trust Nasdaq Cybersecurity ETF by 94.1% during the 4th quarter. Nemes Rush Group LLC now owns 359 shares of the company’s stock valued at $26,000 after purchasing an additional 174 shares during the last quarter. Gilpin Wealth Management LLC bought a new stake in shares of First Trust Nasdaq Cybersecurity ETF during the 4th quarter worth $28,000. Ransom Advisory Ltd bought a new stake in shares of First Trust Nasdaq Cybersecurity ETF during the 4th quarter worth $29,000. Finally, Truvestments Capital LLC purchased a new position in shares of First Trust Nasdaq Cybersecurity ETF in the 4th quarter worth 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.