First Trust Water ETF (NYSEARCA:FIW) Shares Shorted: Short Interest Up 548.5% in October

First Trust Water ETF (NYSEARCA:FIW) was the recipient of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 16,043 shares, a growth of 548.5% from the September 30th total of 2,474 shares. Based on an average daily trading volume, of 39,422 shares, the short-interest ratio is currently 0.4 days. Approximately 0.1% of the company’s stock are short sold.

Institutional Investors Weigh In On First Trust Water ETF

Several institutional investors and hedge funds have recently made changes to their positions in FIW. Ameritas Advisory Services LLC grew its position in shares of First Trust Water ETF by 42.4% during the 2nd quarter. Ameritas Advisory Services LLC now owns 157,875 shares of the company’s stock valued at $17,290,000 after buying an additional 47,042 shares during the last quarter. Clearwater Capital Advisors LLC lifted its holdings in First Trust Water ETF by 3.2% in the first quarter. Clearwater Capital Advisors LLC now owns 112,957 shares of the company’s stock worth $11,649,000 after purchasing an additional 3,511 shares during the period. Kestra Advisory Services LLC raised its position in shares of First Trust Water ETF by 14.0% during the 1st quarter. Kestra Advisory Services LLC now owns 75,084 shares of the company’s stock worth $7,743,000 after buying an additional 9,248 shares in the last quarter. Mainsail Financial Group LLC boosted its holdings in shares of First Trust Water ETF by 9.5% in the third quarter. Mainsail Financial Group LLC now owns 70,509 shares of the company’s stock valued at $7,317,000 after acquiring an additional 6,127 shares in the last quarter. Finally, Wealthcare Advisory Partners LLC lifted its position in First Trust Water ETF by 16.3% in the second quarter. Wealthcare Advisory Partners LLC now owns 64,351 shares of the company’s stock worth $7,048,000 after purchasing an additional 9,037 shares during the period.

First Trust Water ETF Stock Performance

Shares of NYSEARCA:FIW traded down $0.28 during trading on Tuesday, hitting $109.86. The company’s stock had a trading volume of 16,657 shares, compared to its average volume of 54,731. The company has a market capitalization of $1.79 billion, a PE ratio of 24.17 and a beta of 0.99. First Trust Water ETF has a fifty-two week low of $98.52 and a fifty-two week high of $116.30. The stock’s 50-day moving average price is $107.27 and its two-hundred day moving average price is $108.05.

First Trust Water ETF Company Profile

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.