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

First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBRGet Free Report) saw a large increase in short interest in August. As of August 14th, there was short interest totaling 1,449,340 shares, an increase of 115.8% from the July 30th total of 671,526 shares. Based on an average daily volume of 1,518,043 shares, the short-interest ratio is presently 1.0 days. Currently, 0.9% of the company’s stock are short sold.

First Trust Nasdaq Cybersecurity ETF Stock Performance

NASDAQ CIBR opened at $98.56 on Monday. First Trust Nasdaq Cybersecurity ETF has a 12 month low of $60.07 and a 12 month high of $102.35. The stock has a 50 day moving average of $92.79 and a 200-day moving average of $78.99. The company has a market cap of $15.40 billion, a PE ratio of 30.11 and a beta of 0.93.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a dividend of $0.0721 per share. This represents a $0.29 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Aurora Private Wealth Inc. bought a new position in First Trust Nasdaq Cybersecurity ETF during the 4th quarter worth $914,000. Sun Financial Inc acquired a new position in shares of First Trust Nasdaq Cybersecurity ETF in the fourth quarter valued at about $611,000. MGO One Seven LLC increased its position in First Trust Nasdaq Cybersecurity ETF by 34.6% during the fourth quarter. MGO One Seven LLC now owns 72,275 shares of the company’s stock worth $5,164,000 after acquiring an additional 18,595 shares during the period. Sava Penzisko Drushtvo A.D. Skopje bought a new position in First Trust Nasdaq Cybersecurity ETF during the fourth quarter worth about $13,918,000. Finally, Beam Wealth Advisors Inc. acquired a new stake in First Trust Nasdaq Cybersecurity ETF in the 4th quarter worth about $800,000.

About First Trust Nasdaq Cybersecurity ETF

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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.

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