First Trust Water ETF (NYSEARCA:FIW) Short Interest Up 23.3% in March

First Trust Water ETF (NYSEARCA:FIW) was the recipient of a significant increase in short interest in March. As of March 13th, there was short interest totaling 30,927 shares, an increase of 23.3% from the February 26th total of 25,084 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average daily volume of 63,346 shares, the days-to-cover ratio is currently 0.5 days.

Institutional Trading of First Trust Water ETF

A number of institutional investors have recently made changes to their positions in FIW. O Shaughnessy Asset Management LLC raised its holdings in shares of First Trust Water ETF by 64.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 249 shares of the company’s stock valued at $27,000 after purchasing an additional 98 shares during the last quarter. Godfrey Financial Associates Inc. purchased a new stake in First Trust Water ETF in the fourth quarter worth approximately $28,000. Evolution Wealth Management Inc. bought a new stake in First Trust Water ETF in the 4th quarter worth approximately $32,000. Cullen Frost Bankers Inc. bought a new stake in First Trust Water ETF in the 3rd quarter worth approximately $35,000. Finally, Ameriflex Group Inc. raised its stake in First Trust Water ETF by 150.0% during the 3rd quarter. Ameriflex Group Inc. now owns 340 shares of the company’s stock valued at $38,000 after buying an additional 204 shares during the last quarter.

First Trust Water ETF Price Performance

Shares of First Trust Water ETF stock traded up $1.02 during trading on Tuesday, hitting $101.92. 28,217 shares of the company’s stock traded hands, compared to its average volume of 57,142. First Trust Water ETF has a 1 year low of $89.31 and a 1 year high of $116.30. The business has a 50-day simple moving average of $110.32 and a 200-day simple moving average of $111.25. The stock has a market capitalization of $1.76 billion, a P/E ratio of 24.17 and a beta of 1.05.

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.