First Trust Water ETF (NYSEARCA:FIW) Short Interest Down 54.2% in May

First Trust Water ETF (NYSEARCA:FIW) was the target of a large decline in short interest during the month of May. As of May 15th, there was short interest totaling 3,857 shares, a decline of 54.2% from the April 30th total of 8,428 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 63,340 shares, the days-to-cover ratio is presently 0.1 days.

First Trust Water ETF Trading Down 0.2%

Shares of NYSEARCA FIW traded down $0.16 during mid-day trading on Monday, reaching $103.58. The company had a trading volume of 59,734 shares, compared to its average volume of 59,395. The firm has a 50 day simple moving average of $104.67 and a two-hundred day simple moving average of $108.95. First Trust Water ETF has a 52-week low of $98.52 and a 52-week high of $116.30. The stock has a market cap of $1.77 billion, a P/E ratio of 24.17 and a beta of 1.03.

Institutional Trading of First Trust Water ETF

Several institutional investors and hedge funds have recently made changes to their positions in FIW. REAP Financial Group LLC lifted its holdings in shares of First Trust Water ETF by 9.9% during the third quarter. REAP Financial Group LLC now owns 991 shares of the company’s stock worth $111,000 after purchasing an additional 89 shares during the period. Signature Estate & Investment Advisors LLC lifted its stake in shares of First Trust Water ETF by 0.9% in the 4th quarter. Signature Estate & Investment Advisors LLC now owns 9,924 shares of the company’s stock worth $1,078,000 after acquiring an additional 92 shares during the period. O Shaughnessy Asset Management LLC boosted its holdings in shares of First Trust Water ETF by 64.9% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 249 shares of the company’s stock valued at $27,000 after acquiring an additional 98 shares in the last quarter. Marshall & Sterling Wealth Advisors Inc. boosted its holdings in shares of First Trust Water ETF by 4.2% in the first quarter. Marshall & Sterling Wealth Advisors Inc. now owns 2,646 shares of the company’s stock valued at $273,000 after acquiring an additional 106 shares in the last quarter. Finally, IFP Advisors Inc increased its stake in shares of First Trust Water ETF by 17.7% during the fourth quarter. IFP Advisors Inc now owns 731 shares of the company’s stock worth $79,000 after acquiring an additional 110 shares during the period.

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.