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

First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) was the recipient of a significant decline in short interest in the month of March. As of March 15th, there was short interest totalling 664,100 shares, a decline of 54.2% from the February 28th total of 1,450,000 shares. Currently, 0.6% of the shares of the company are sold short. Based on an average trading volume of 810,900 shares, the short-interest ratio is presently 0.8 days.

First Trust Nasdaq Cybersecurity ETF Stock Down 1.8 %

Shares of CIBR stock traded down $1.14 during mid-day trading on Friday, reaching $63.48. The stock had a trading volume of 510,922 shares, compared to its average volume of 615,673. The firm has a market cap of $7.53 billion, a PE ratio of 33.06 and a beta of 1.00. First Trust Nasdaq Cybersecurity ETF has a one year low of $50.52 and a one year high of $71.92. The firm’s 50 day simple moving average is $67.04 and its 200 day simple moving average is $63.86.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, March 27th will be paid a dividend of $0.0043 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $0.02 dividend on an annualized basis and a yield of 0.03%.

Hedge Funds Weigh In On First Trust Nasdaq Cybersecurity ETF

A number of hedge funds have recently made changes to their positions in the business. Triton Wealth Management PLLC increased its stake in First Trust Nasdaq Cybersecurity ETF by 17.3% in the fourth quarter. Triton Wealth Management PLLC now owns 7,707 shares of the company’s stock valued at $486,000 after acquiring an additional 1,139 shares during the period. Wealth Enhancement Advisory Services LLC grew its stake in shares of First Trust Nasdaq Cybersecurity ETF by 32.4% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 155,495 shares of the company’s stock valued at $9,866,000 after purchasing an additional 38,050 shares during the period. Castle Rock Wealth Management LLC grew its stake in shares of First Trust Nasdaq Cybersecurity ETF by 4.8% in the 4th quarter. Castle Rock Wealth Management LLC now owns 17,658 shares of the company’s stock valued at $1,120,000 after purchasing an additional 809 shares during the period. Armis Advisers LLC acquired a new position in shares of First Trust Nasdaq Cybersecurity ETF in the 4th quarter worth approximately $313,000. Finally, Ameriflex Group Inc. bought a new position in shares of First Trust Nasdaq Cybersecurity ETF during the 4th quarter worth approximately $118,000.

About First Trust Nasdaq Cybersecurity ETF

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.