First Trust Water ETF (NYSEARCA:FIW) Sees Large Increase in Short Interest

First Trust Water ETF (NYSEARCA:FIW) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 18,269 shares, a growth of 216.5% from the August 31st total of 5,773 shares. Based on an average daily volume of 57,177 shares, the short-interest ratio is currently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Godfrey Financial Associates Inc. purchased a new position in shares of First Trust Water ETF during the 4th quarter worth $28,000. Evolution Wealth Management Inc. purchased a new stake in shares of First Trust Water ETF in the 4th quarter worth $32,000. Assetmark Inc. increased its stake in shares of First Trust Water ETF by 88.0% in the 1st quarter. Assetmark Inc. now owns 344 shares of the company’s stock worth $35,000 after purchasing an additional 161 shares in the last quarter. CX Institutional bought a new position in First Trust Water ETF in the 2nd quarter worth $37,000. Finally, Compass Financial Management LLC bought a new position in First Trust Water ETF in the 2nd quarter worth $43,000.

First Trust Water ETF Price Performance

Shares of FIW traded up $0.91 on Friday, reaching $105.16. The company’s stock had a trading volume of 50,284 shares, compared to its average volume of 56,429. The stock’s 50 day simple moving average is $108.88 and its two-hundred day simple moving average is $106.68. The stock has a market capitalization of $1.75 billion, a P/E ratio of 24.17 and a beta of 0.99. First Trust Water ETF has a 12-month low of $98.52 and a 12-month high of $116.30.

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.