First Trust Water ETF (NYSEARCA:FIW) Short Interest Down 29.3% in May

First Trust Water ETF (NYSEARCA:FIW) was the recipient of a large decline in short interest during the month of May. As of May 31st, there was short interest totalling 49,100 shares, a decline of 29.3% from the May 15th total of 69,400 shares. Currently, 0.3% of the company’s shares are sold short. Based on an average trading volume of 45,200 shares, the days-to-cover ratio is currently 1.1 days.

First Trust Water ETF Stock Up 0.7%

NYSEARCA FIW opened at $106.64 on Tuesday. The company has a 50-day simple moving average of $102.84 and a two-hundred day simple moving average of $103.21. First Trust Water ETF has a 12-month low of $89.31 and a 12-month high of $111.64. The firm has a market cap of $1.83 billion, a price-to-earnings ratio of 24.51 and a beta of 1.03.

Hedge Funds Weigh In On First Trust Water ETF

Hedge funds and other institutional investors have recently made changes to their positions in the business. Corrado Advisors LLC grew its position in First Trust Water ETF by 0.9% during the 4th quarter. Corrado Advisors LLC now owns 11,869 shares of the company’s stock valued at $1,211,000 after purchasing an additional 103 shares during the last quarter. Larson Financial Group LLC increased its holdings in shares of First Trust Water ETF by 9.1% in the 1st quarter. Larson Financial Group LLC now owns 1,359 shares of the company’s stock worth $137,000 after purchasing an additional 113 shares in the last quarter. Wedbush Securities Inc. raised its stake in shares of First Trust Water ETF by 2.1% in the first quarter. Wedbush Securities Inc. now owns 5,557 shares of the company’s stock worth $560,000 after purchasing an additional 116 shares during the last quarter. WMG Financial Advisors LLC lifted its holdings in shares of First Trust Water ETF by 1.1% during the fourth quarter. WMG Financial Advisors LLC now owns 15,387 shares of the company’s stock valued at $1,570,000 after purchasing an additional 168 shares in the last quarter. Finally, Stegent Equity Advisors Inc. lifted its holdings in shares of First Trust Water ETF by 0.4% during the fourth quarter. Stegent Equity Advisors Inc. now owns 39,962 shares of the company’s stock valued at $4,078,000 after purchasing an additional 178 shares in the last quarter.

First Trust Water ETF Company Profile

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.