First Trust Water ETF (NYSEARCA:FIW – Get Free Report) was the recipient of a large decline in short interest during the month of August. As of August 14th, there was short interest totaling 7,308 shares, a decline of 65.6% from the July 30th total of 21,272 shares. Based on an average daily trading volume, of 35,165 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the company’s stock are sold short.
Hedge Funds Weigh In On First Trust Water ETF
Several hedge funds have recently modified their holdings of the stock. C M Bidwell & Associates Ltd. purchased a new stake in First Trust Water ETF during the 2nd quarter worth approximately $26,000. O Shaughnessy Asset Management LLC increased its stake in First Trust Water ETF by 64.9% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 249 shares of the company’s stock valued at $27,000 after purchasing an additional 98 shares in the last quarter. Godfrey Financial Associates Inc. purchased a new position in shares of First Trust Water ETF in the fourth quarter worth $28,000. Field & Main Bank purchased a new position in shares of First Trust Water ETF in the second quarter worth $31,000. Finally, Evolution Wealth Management Inc. acquired a new stake in shares of First Trust Water ETF during the fourth quarter worth $32,000.
First Trust Water ETF Stock Performance
First Trust Water ETF stock opened at $110.47 on Friday. The stock has a 50-day moving average of $109.48 and a two-hundred day moving average of $107.56. First Trust Water ETF has a one year low of $98.52 and a one year high of $116.30. The stock has a market cap of $1.89 billion, a PE ratio of 24.17 and a beta of 0.99.
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. 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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