First Trust Water ETF (NYSEARCA:FIW – Get Free Report) was the recipient of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 18,269 shares, a growth of 216.5% from the August 31st total of 5,773 shares. Based on an average trading volume of 57,177 shares, the days-to-cover ratio is currently 0.3 days. Currently, 0.1% of the shares of the company are short sold.
Hedge Funds Weigh In On First Trust Water ETF
A number of institutional investors and hedge funds have recently modified their holdings of FIW. Godfrey Financial Associates Inc. purchased a new stake in First Trust Water ETF during the fourth quarter valued at $28,000. Evolution Wealth Management Inc. purchased a new position in First Trust Water ETF in the fourth quarter worth about $32,000. Assetmark Inc. boosted its position in First Trust Water ETF by 88.0% in the first quarter. Assetmark Inc. now owns 344 shares of the company’s stock worth $35,000 after purchasing an additional 161 shares during the last quarter. CX Institutional bought a new stake in shares of First Trust Water ETF during the 2nd quarter valued at about $37,000. Finally, Compass Financial Management LLC bought a new stake in shares of First Trust Water ETF during the 2nd quarter valued at about $43,000.
First Trust Water ETF Price Performance
First Trust Water ETF stock traded up $0.91 during midday trading on Friday, reaching $105.16. 50,284 shares of the company traded hands, compared to its average volume of 56,429. The firm has a market capitalization of $1.75 billion, a price-to-earnings ratio of 24.17 and a beta of 0.99. The business has a 50 day moving average of $108.88 and a two-hundred day moving average of $106.68. First Trust Water ETF has a 12 month low of $98.52 and a 12 month high of $116.30.
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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