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

First Trust Water ETF (NYSEARCA:FIW) was the recipient of a significant decline in short interest in 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 shares of the stock are short sold. Based on an average daily trading volume, of 63,340 shares, the short-interest ratio is presently 0.1 days.

First Trust Water ETF Stock Up 0.5%

NYSEARCA:FIW traded up $0.47 on Tuesday, reaching $104.05. The stock had a trading volume of 148,263 shares, compared to its average volume of 60,249. The company has a market capitalization of $1.78 billion, a P/E ratio of 24.17 and a beta of 1.03. First Trust Water ETF has a 1-year low of $98.52 and a 1-year high of $116.30. The stock has a fifty day moving average price of $104.67 and a 200-day moving average price of $108.95.

Institutional Investors Weigh In On First Trust Water ETF

Several hedge funds have recently bought and sold shares of FIW. Ausdal Financial Partners Inc. grew its stake in First Trust Water ETF by 2.9% in the second quarter. Ausdal Financial Partners Inc. now owns 10,976 shares of the company’s stock valued at $1,185,000 after acquiring an additional 306 shares during the period. Jane Street Group LLC acquired a new position in First Trust Water ETF in the second quarter valued at about $1,261,000. Bank of America Corp DE grew its stake in First Trust Water ETF by 5.1% in the second quarter. Bank of America Corp DE now owns 469,117 shares of the company’s stock valued at $50,655,000 after acquiring an additional 22,581 shares during the period. Modern Wealth Management LLC acquired a new position in First Trust Water ETF in the second quarter valued at about $4,676,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in First Trust Water ETF in the second quarter valued at about $228,000.

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.