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

First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) saw a large increase in short interest during the month of February. As of February 28th, there was short interest totalling 1,450,000 shares, an increase of 47.6% from the February 13th total of 982,700 shares. Based on an average daily volume of 781,200 shares, the short-interest ratio is presently 1.9 days. Currently, 1.2% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CIBR. Moloney Securities Asset Management LLC boosted its holdings in First Trust Nasdaq Cybersecurity ETF by 1.2% in the fourth quarter. Moloney Securities Asset Management LLC now owns 12,383 shares of the company’s stock valued at $786,000 after purchasing an additional 152 shares in the last quarter. CIBC Private Wealth Group LLC grew its holdings in shares of First Trust Nasdaq Cybersecurity ETF by 17.0% during the fourth quarter. CIBC Private Wealth Group LLC now owns 1,103 shares of the company’s stock worth $71,000 after purchasing an additional 160 shares during the last quarter. Fiduciary Trust Co lifted its holdings in shares of First Trust Nasdaq Cybersecurity ETF by 2.5% in the 4th quarter. Fiduciary Trust Co now owns 6,618 shares of the company’s stock valued at $420,000 after purchasing an additional 160 shares during the last quarter. Visionary Wealth Advisors boosted its position in shares of First Trust Nasdaq Cybersecurity ETF by 3.2% in the 4th quarter. Visionary Wealth Advisors now owns 5,232 shares of the company’s stock valued at $332,000 after purchasing an additional 163 shares during the period. Finally, Huntington National Bank grew its stake in First Trust Nasdaq Cybersecurity ETF by 26.8% during the 4th quarter. Huntington National Bank now owns 785 shares of the company’s stock worth $50,000 after buying an additional 166 shares during the last quarter.

First Trust Nasdaq Cybersecurity ETF Price Performance

Shares of First Trust Nasdaq Cybersecurity ETF stock traded up $2.09 during trading on Friday, hitting $64.81. 457,697 shares of the stock were exchanged, compared to its average volume of 610,093. The firm’s 50-day moving average price is $66.76 and its 200 day moving average price is $63.39. The stock has a market cap of $7.90 billion, a price-to-earnings ratio of 33.06 and a beta of 0.92. First Trust Nasdaq Cybersecurity ETF has a 12-month low of $50.52 and a 12-month high of $71.92.

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.