First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) Sees Large Decrease in Short Interest

First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) was the recipient of a significant drop in short interest in the month of October. As of October 31st, there was short interest totalling 674,900 shares, a drop of 52.5% from the October 15th total of 1,420,000 shares. Based on an average daily volume of 544,300 shares, the days-to-cover ratio is currently 1.2 days.

Hedge Funds Weigh In On First Trust Nasdaq Cybersecurity ETF

Institutional investors have recently added to or reduced their stakes in the business. NBC Securities Inc. raised its stake in shares of First Trust Nasdaq Cybersecurity ETF by 0.3% during the second quarter. NBC Securities Inc. now owns 67,864 shares of the company’s stock worth $3,828,000 after acquiring an additional 205 shares in the last quarter. Edmond DE Rothschild Holding S.A. raised its position in shares of First Trust Nasdaq Cybersecurity ETF by 5.5% during the 1st quarter. Edmond DE Rothschild Holding S.A. now owns 4,106 shares of the company’s stock valued at $232,000 after buying an additional 215 shares in the last quarter. AE Wealth Management LLC raised its stake in First Trust Nasdaq Cybersecurity ETF by 1.1% in the second quarter. AE Wealth Management LLC now owns 20,190 shares of the company’s stock valued at $1,139,000 after buying an additional 223 shares during the last quarter. SeaCrest Wealth Management LLC increased its stake in shares of First Trust Nasdaq Cybersecurity ETF by 0.7% in the second quarter. SeaCrest Wealth Management LLC now owns 34,834 shares of the company’s stock worth $1,965,000 after acquiring an additional 228 shares during the period. Finally, EP Wealth Advisors LLC boosted its stake in shares of First Trust Nasdaq Cybersecurity ETF by 7.3% in the first quarter. EP Wealth Advisors LLC now owns 3,655 shares of the company’s stock worth $206,000 after buying an additional 250 shares during the last quarter.

First Trust Nasdaq Cybersecurity ETF Stock Performance

First Trust Nasdaq Cybersecurity ETF stock traded down $0.24 during mid-day trading on Wednesday, reaching $64.37. The company’s stock had a trading volume of 409,800 shares, compared to its average volume of 636,497. The company has a market capitalization of $7.25 billion, a P/E ratio of 34.35 and a beta of 1.00. First Trust Nasdaq Cybersecurity ETF has a 12-month low of $47.02 and a 12-month high of $65.29. The firm’s fifty day moving average price is $60.12 and its two-hundred day moving average price is $57.33.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

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

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.