Short Interest in First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) Declines By 59.7%

First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) was the target of a large decline in short interest in May. As of May 29th, there was short interest totaling 514,269 shares, a decline of 59.7% from the May 14th total of 1,277,532 shares. Based on an average daily trading volume, of 1,756,521 shares, the short-interest ratio is presently 0.3 days. Approximately 0.3% of the shares of the stock are sold short.

Institutional Investors Weigh In On First Trust Nasdaq Cybersecurity ETF

Large investors have recently bought and sold shares of the stock. Bank of America Corp DE boosted its stake in shares of First Trust Nasdaq Cybersecurity ETF by 91.4% during the third quarter. Bank of America Corp DE now owns 14,860,424 shares of the company’s stock valued at $1,129,541,000 after acquiring an additional 7,097,058 shares during the last quarter. Morgan Stanley raised its position in shares of First Trust Nasdaq Cybersecurity ETF by 3.0% in the fourth quarter. Morgan Stanley now owns 13,557,064 shares of the company’s stock valued at $968,652,000 after buying an additional 394,758 shares during the last quarter. LPL Financial LLC grew its holdings in First Trust Nasdaq Cybersecurity ETF by 8.0% in the 4th quarter. LPL Financial LLC now owns 5,810,145 shares of the company’s stock valued at $415,135,000 after buying an additional 430,986 shares during the period. UBS Group AG increased its stake in First Trust Nasdaq Cybersecurity ETF by 0.7% during the third quarter. UBS Group AG now owns 5,603,139 shares of the company’s stock worth $425,895,000 after acquiring an additional 38,404 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in First Trust Nasdaq Cybersecurity ETF by 9.7% in the fourth quarter. Wells Fargo & Company MN now owns 4,708,419 shares of the company’s stock valued at $336,417,000 after buying an additional 417,396 shares during the period.

First Trust Nasdaq Cybersecurity ETF Trading Up 0.5%

NASDAQ:CIBR opened at $85.93 on Friday. The company has a market capitalization of $13.02 billion, a P/E ratio of 30.11 and a beta of 0.94. The firm has a 50-day moving average price of $74.87 and a two-hundred day moving average price of $71.13. First Trust Nasdaq Cybersecurity ETF has a twelve month low of $60.07 and a twelve month high of $94.39.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a dividend of $0.1098 per share. This represents a $0.44 annualized dividend and a dividend yield of 0.5%. The ex-dividend date was Thursday, March 26th.

First Trust Nasdaq Cybersecurity ETF Company Profile

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.