First Trust Water ETF (NYSEARCA:FIW) Short Interest Up 121.0% in January

First Trust Water ETF (NYSEARCA:FIW) saw a significant 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. Currently, 0.4% of the company’s stock are sold short. Currently, 0.4% of the company’s stock are sold short. Based on an average daily volume of 63,301 shares, the short-interest ratio is currently 1.0 days.

Hedge Funds Weigh In On First Trust Water ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Wealth Enhancement Advisory Services LLC boosted its holdings in First Trust Water ETF by 3.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 9,301 shares of the company’s stock valued at $1,028,000 after acquiring an additional 321 shares in the last quarter. Janney Montgomery Scott LLC lifted its position in shares of First Trust Water ETF by 1.5% in the 2nd quarter. Janney Montgomery Scott LLC now owns 51,208 shares of the company’s stock worth $5,529,000 after purchasing an additional 754 shares during the period. PFG Investments LLC boosted its stake in shares of First Trust Water ETF by 4.3% during the 2nd quarter. PFG Investments LLC now owns 5,701 shares of the company’s stock valued at $616,000 after purchasing an additional 234 shares in the last quarter. Synergy Asset Management LLC purchased a new position in shares of First Trust Water ETF during the second quarter valued at about $205,000. Finally, Ameritas Advisory Services LLC increased its position in shares of First Trust Water ETF by 1.5% during the second quarter. Ameritas Advisory Services LLC now owns 119,704 shares of the company’s stock valued at $12,926,000 after buying an additional 1,722 shares during the period.

First Trust Water ETF Stock Down 0.3%

First Trust Water ETF stock opened at $112.74 on Friday. First Trust Water ETF has a 52 week low of $89.31 and a 52 week high of $116.30. The stock has a market cap of $1.95 billion, a price-to-earnings ratio of 24.17 and a beta of 1.05. The business has a 50-day simple moving average of $111.82 and a 200 day simple moving average of $111.88.

About First Trust Water ETF

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.