Short Interest in First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) Expands By 187.8%

First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totalling 1,420,000 shares, a growth of 187.8% from the September 30th total of 493,400 shares. Based on an average daily volume of 578,800 shares, the days-to-cover ratio is presently 2.5 days.

First Trust Nasdaq Cybersecurity ETF Stock Up 0.3 %

NASDAQ CIBR traded up $0.20 on Friday, reaching $61.11. The company had a trading volume of 308,303 shares, compared to its average volume of 648,904. The firm’s 50 day moving average price is $59.34 and its 200 day moving average price is $56.63. First Trust Nasdaq Cybersecurity ETF has a 12 month low of $43.51 and a 12 month high of $62.94. The stock has a market capitalization of $6.89 billion, a PE ratio of 34.35 and a beta of 1.00.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a $0.0108 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 0.07%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Cetera Investment Advisers raised its position in shares of First Trust Nasdaq Cybersecurity ETF by 327.8% during the 1st quarter. Cetera Investment Advisers now owns 391,088 shares of the company’s stock valued at $22,053,000 after buying an additional 299,667 shares in the last quarter. Kestra Advisory Services LLC boosted its holdings in shares of First Trust Nasdaq Cybersecurity ETF by 62.5% in the 1st quarter. Kestra Advisory Services LLC now owns 564,639 shares of the company’s stock worth $31,840,000 after purchasing an additional 217,159 shares during the period. Marks Wealth LLC bought a new position in shares of First Trust Nasdaq Cybersecurity ETF during the 2nd quarter valued at approximately $11,378,000. Lee Johnson Capital Management LLC purchased a new stake in First Trust Nasdaq Cybersecurity ETF during the 1st quarter valued at $8,047,000. Finally, Sanctuary Advisors LLC bought a new stake in First Trust Nasdaq Cybersecurity ETF in the second quarter worth $6,102,000.

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.