First Trust Water ETF (NYSEARCA:FIW – Get Free Report) saw a large increase in short interest in the month of June. As of June 15th, there was short interest totaling 26,118 shares, an increase of 101.1% from the May 31st total of 12,985 shares. Based on an average trading volume of 63,747 shares, the short-interest ratio is presently 0.4 days. Currently, 0.2% of the shares of the company are short sold.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of FIW. BIP Wealth LLC purchased a new position in shares of First Trust Water ETF in the fourth quarter valued at about $3,329,000. Natural Investments LLC bought a new position in shares of First Trust Water ETF in the fourth quarter worth about $551,000. Fifth Third Securities Inc. purchased a new stake in shares of First Trust Water ETF during the fourth quarter worth about $1,655,000. Legacy Edge Advisors LLC purchased a new stake in shares of First Trust Water ETF during the fourth quarter worth about $641,000. Finally, Global Retirement Partners LLC raised its stake in First Trust Water ETF by 171.3% during the 4th quarter. Global Retirement Partners LLC now owns 18,103 shares of the company’s stock valued at $1,967,000 after purchasing an additional 11,431 shares during the period.
First Trust Water ETF Stock Up 0.5%
NYSEARCA:FIW traded up $0.58 during trading hours on Thursday, hitting $108.93. 9,687 shares of the stock traded hands, compared to its average volume of 57,906. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 24.17 and a beta of 0.99. First Trust Water ETF has a 1 year low of $98.52 and a 1 year high of $116.30. The stock has a 50 day moving average price of $105.17 and a 200 day moving average price of $108.28.
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.
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