First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) Sees Large Increase in Short Interest

First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) saw a large growth in short interest in May. As of May 15th, there was short interest totaling 1,277,532 shares, a growth of 109.1% from the April 30th total of 610,996 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average trading volume of 1,507,418 shares, the days-to-cover ratio is presently 0.8 days.

First Trust Nasdaq Cybersecurity ETF Stock Performance

First Trust Nasdaq Cybersecurity ETF stock opened at $89.04 on Monday. The firm has a 50 day moving average of $70.30 and a 200 day moving average of $70.21. The firm has a market capitalization of $13.49 billion, a price-to-earnings ratio of 30.11 and a beta of 0.85. First Trust Nasdaq Cybersecurity ETF has a 12-month low of $60.07 and a 12-month high of $89.15.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

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

Institutional Investors Weigh In On First Trust Nasdaq Cybersecurity ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CIBR. eCIO Inc. purchased a new stake in First Trust Nasdaq Cybersecurity ETF during the 4th quarter valued at approximately $25,000. Nemes Rush Group LLC lifted its position in shares of First Trust Nasdaq Cybersecurity ETF by 94.1% during the fourth quarter. Nemes Rush Group LLC now owns 359 shares of the company’s stock worth $26,000 after purchasing an additional 174 shares during the last quarter. Gilpin Wealth Management LLC bought a new stake in shares of First Trust Nasdaq Cybersecurity ETF during the fourth quarter worth $28,000. Ransom Advisory Ltd purchased a new position in shares of First Trust Nasdaq Cybersecurity ETF during the fourth quarter valued at $29,000. Finally, Truvestments Capital LLC purchased a new position in First Trust Nasdaq Cybersecurity ETF in the fourth quarter valued at about $29,000.

About First Trust Nasdaq Cybersecurity ETF

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.