First Trust Water ETF (NYSEARCA:FIW – Get Free Report) saw a large decline in short interest in the month of September. As of September 30th, there was short interest totaling 2,474 shares, a decline of 86.5% from the September 15th total of 18,269 shares. Based on an average trading volume of 56,237 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short.
Institutional Trading of First Trust Water ETF
A number of large investors have recently made changes to their positions in the stock. Modern Wealth Management LLC boosted its position in First Trust Water ETF by 15.9% in the 1st quarter. Modern Wealth Management LLC now owns 52,435 shares of the company’s stock valued at $5,460,000 after buying an additional 7,205 shares during the period. Kestra Private Wealth Services LLC grew its stake in First Trust Water ETF by 4.9% in the 1st quarter. Kestra Private Wealth Services LLC now owns 141,242 shares of the company’s stock worth $14,566,000 after acquiring an additional 6,643 shares in the last quarter. Wealthcare Advisory Partners LLC grew its stake in First Trust Water ETF by 16.3% in the 2nd quarter. Wealthcare Advisory Partners LLC now owns 64,351 shares of the company’s stock worth $7,048,000 after acquiring an additional 9,037 shares in the last quarter. Sacks & Associates LLC bought a new position in First Trust Water ETF in the 3rd quarter worth about $2,810,000. Finally, Kestra Advisory Services LLC grew its stake in First Trust Water ETF by 14.0% in the 1st quarter. Kestra Advisory Services LLC now owns 75,084 shares of the company’s stock worth $7,743,000 after acquiring an additional 9,248 shares in the last quarter.
First Trust Water ETF Stock Performance
First Trust Water ETF stock traded up $0.53 during mid-day trading on Friday, hitting $105.09. The company’s stock had a trading volume of 35,827 shares, compared to its average volume of 55,780. The company has a 50 day moving average of $108.21 and a 200-day moving average of $106.69. 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 $1.72 billion, a PE ratio of 24.17 and a beta of 0.99.
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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