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 January. As of January 15th, there was short interest totaling 62,022 shares, a growth of 121.0% from the December 31st total of 28,058 shares. Based on an average daily volume of 63,301 shares, the short-interest ratio is currently 1.0 days. Approximately 0.4% of the shares of the stock are sold short. Approximately 0.4% of the shares of the stock are sold short. Based on an average daily volume of 63,301 shares, the short-interest ratio is currently 1.0 days.

First Trust Water ETF Stock Performance

First Trust Water ETF stock traded down $0.76 during trading on Friday, reaching $112.37. The company had a trading volume of 7,990 shares, compared to its average volume of 56,249. The firm has a market capitalization of $1.94 billion, a price-to-earnings ratio of 24.17 and a beta of 1.05. First Trust Water ETF has a 12-month low of $89.31 and a 12-month high of $116.30. The stock’s 50 day moving average price is $111.76 and its two-hundred day moving average price is $111.83.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in FIW. Cullen Frost Bankers Inc. acquired a new stake in shares of First Trust Water ETF during the 3rd quarter valued at approximately $35,000. Ameriflex Group Inc. raised its holdings in shares of First Trust Water ETF by 150.0% during the third quarter. Ameriflex Group Inc. now owns 340 shares of the company’s stock worth $38,000 after purchasing an additional 204 shares during the period. Newbridge Financial Services Group Inc. lifted its position in shares of First Trust Water ETF by 3,635.7% in the 4th quarter. Newbridge Financial Services Group Inc. now owns 523 shares of the company’s stock worth $57,000 after buying an additional 509 shares during the last quarter. Elevated Capital Advisors LLC bought a new position in shares of First Trust Water ETF in the 4th quarter worth about $90,000. Finally, REAP Financial Group LLC boosted its holdings in shares of First Trust Water ETF by 9.9% in the 3rd quarter. REAP Financial Group LLC now owns 991 shares of the company’s stock valued at $111,000 after buying an additional 89 shares during the period.

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.