Short Interest in First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) Declines By 59.7%

First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) was the target of a significant decrease in short interest in the month of May. As of May 29th, there was short interest totaling 514,269 shares, a decrease of 59.7% from the May 14th total of 1,277,532 shares. Approximately 0.3% of the shares of the company are sold short. Based on an average trading volume of 1,756,521 shares, the days-to-cover ratio is presently 0.3 days.

Institutional Investors Weigh In On First Trust Nasdaq Cybersecurity ETF

A number of institutional investors and hedge funds have recently made changes to their positions in CIBR. Aurora Private Wealth Inc. acquired a new position in First Trust Nasdaq Cybersecurity ETF in the 4th quarter valued at $914,000. Capital Asset Advisory Services LLC increased its stake in shares of First Trust Nasdaq Cybersecurity ETF by 3.3% during the fourth quarter. Capital Asset Advisory Services LLC now owns 696,254 shares of the company’s stock worth $50,263,000 after acquiring an additional 22,024 shares during the period. Redhawk Wealth Advisors Inc. boosted its stake in shares of First Trust Nasdaq Cybersecurity ETF by 158.5% in the fourth quarter. Redhawk Wealth Advisors Inc. now owns 35,661 shares of the company’s stock valued at $2,548,000 after buying an additional 21,866 shares in the last quarter. Dunhill Financial LLC grew its holdings in First Trust Nasdaq Cybersecurity ETF by 8.7% in the fourth quarter. Dunhill Financial LLC now owns 103,229 shares of the company’s stock valued at $7,451,000 after purchasing an additional 8,232 shares during the last quarter. Finally, Citigroup Inc. grew its holdings in First Trust Nasdaq Cybersecurity ETF by 7.2% in the third quarter. Citigroup Inc. now owns 409,450 shares of the company’s stock valued at $31,122,000 after purchasing an additional 27,495 shares during the last quarter.

First Trust Nasdaq Cybersecurity ETF Trading Up 0.5%

Shares of CIBR opened at $85.93 on Friday. The company’s 50 day simple moving average is $74.87 and its 200-day simple moving average is $71.13. The firm has a market cap of $13.02 billion, a PE ratio of 30.11 and a beta of 0.94. First Trust Nasdaq Cybersecurity ETF has a 12-month low of $60.07 and a 12-month high of $94.39.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a dividend of $0.1098 per share. This represents a $0.44 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend was Thursday, March 26th.

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.