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

First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR – Get Free Report) was the target of a significant growth in short interest in September. As of September 15th, there was short interest totaling 1,584,839 shares, a growth of 56.6% from the August 31st total of 1,012,339 shares. Currently, 1.0% of the company’s stock are sold short. Based on an average daily volume of 1,633,376 shares, the days-to-cover ratio is presently 1.0 days.

First Trust Nasdaq Cybersecurity ETF Stock Up 0.5%

First Trust Nasdaq Cybersecurity ETF stock opened at $103.65 on Thursday. The company’s fifty day simple moving average is $96.89 and its 200-day simple moving average is $84.48. First Trust Nasdaq Cybersecurity ETF has a 12 month low of $60.07 and a 12 month high of $104.31. The stock has a market cap of $17.37 billion, a P/E ratio of 30.11 and a beta of 0.94.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were given a $0.0029 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $0.01 annualized dividend and a yield of 0.0%. This is a decrease from First Trust Nasdaq Cybersecurity ETF’s previous quarterly dividend of $0.0721.

Institutional Trading of First Trust Nasdaq Cybersecurity ETF

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Envestnet Asset Management Inc. lifted its holdings in shares of First Trust Nasdaq Cybersecurity ETF by 0.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 789,156 shares of the company’s stock worth $70,906,000 after acquiring an additional 6,069 shares during the period. Tidal Investments LLC bought a new stake in First Trust Nasdaq Cybersecurity ETF in the second quarter valued at $2,909,000. IPG Investment Advisors LLC lifted its holdings in shares of First Trust Nasdaq Cybersecurity ETF by 102.8% during the second quarter. IPG Investment Advisors LLC now owns 9,137 shares of the company’s stock valued at $821,000 after acquiring an additional 4,632 shares during the period. Plimoth Trust Co. LLC acquired a new stake in shares of First Trust Nasdaq Cybersecurity ETF during the 2nd quarter worth about $228,000. Finally, Capital Analysts LLC boosted its position in First Trust Nasdaq Cybersecurity ETF by 39.1% in the second quarter. Capital Analysts LLC now owns 8,861 shares of the company’s stock valued at $796,000 after buying an additional 2,490 shares in the last quarter.

First Trust Nasdaq Cybersecurity ETF Company Profile

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for First Trust Nasdaq Cybersecurity ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Nasdaq Cybersecurity ETF and related companies with MarketBeat.com's FREE daily email newsletter.