First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) Sees Large Growth in Short Interest

First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 761,501 shares, an increase of 122.5% from the June 15th total of 342,203 shares. Based on an average trading volume of 1,470,089 shares, the short-interest ratio is presently 0.5 days. Currently, 0.5% of the shares of the company are sold short.

Institutional Investors Weigh In On First Trust Nasdaq Cybersecurity ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. IAM Advisory LLC raised its stake in shares of First Trust Nasdaq Cybersecurity ETF by 3.9% during the 2nd quarter. IAM Advisory LLC now owns 106,887 shares of the company’s stock valued at $9,604,000 after buying an additional 4,043 shares during the last quarter. Yarger Wealth Strategies LLC acquired a new stake in First Trust Nasdaq Cybersecurity ETF during the second quarter worth about $239,000. Walker Asset Management LLC grew its holdings in First Trust Nasdaq Cybersecurity ETF by 22.6% during the second quarter. Walker Asset Management LLC now owns 4,074 shares of the company’s stock worth $366,000 after acquiring an additional 750 shares during the period. Buska Wealth Management LLC purchased a new position in First Trust Nasdaq Cybersecurity ETF during the second quarter valued at approximately $205,000. Finally, William Mack & Associates Inc. purchased a new position in First Trust Nasdaq Cybersecurity ETF during the second quarter valued at approximately $260,000.

First Trust Nasdaq Cybersecurity ETF Trading Down 1.7%

Shares of CIBR stock traded down $1.58 during trading hours on Wednesday, hitting $93.15. The company’s stock had a trading volume of 628,515 shares, compared to its average volume of 1,623,320. The company has a 50 day moving average of $85.25 and a 200 day moving average of $73.51. The stock has a market cap of $14.38 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 $95.96.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $0.0721 per share. The ex-dividend date was Thursday, June 25th. This represents a $0.29 dividend on an annualized basis and a yield of 0.3%.

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.