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

First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) was the recipient of a significant increase in short interest in November. As of November 15th, there was short interest totalling 1,020,000 shares, an increase of 51.1% from the October 31st total of 674,900 shares. Based on an average daily volume of 562,500 shares, the days-to-cover ratio is presently 1.8 days.

First Trust Nasdaq Cybersecurity ETF Stock Up 0.3 %

Shares of NASDAQ:CIBR traded up $0.17 during midday trading on Friday, hitting $63.17. The stock had a trading volume of 242,435 shares, compared to its average volume of 632,832. The company has a market cap of $7.12 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 $49.31 and a 12 month high of $65.29. The business’s 50-day simple moving average is $61.56 and its 200-day simple moving average is $58.08.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Comerica Bank increased its holdings in shares of First Trust Nasdaq Cybersecurity ETF by 2.8% in the first quarter. Comerica Bank now owns 66,608 shares of the company’s stock valued at $3,756,000 after purchasing an additional 1,821 shares during the last quarter. Cetera Investment Advisers grew its holdings in First Trust Nasdaq Cybersecurity ETF by 327.8% in 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. Cetera Advisors LLC increased its position in First Trust Nasdaq Cybersecurity ETF by 41.1% during the 1st quarter. Cetera Advisors LLC now owns 223,797 shares of the company’s stock worth $12,620,000 after buying an additional 65,135 shares during the period. Neville Rodie & Shaw Inc. lifted its holdings in shares of First Trust Nasdaq Cybersecurity ETF by 4.9% during the second quarter. Neville Rodie & Shaw Inc. now owns 23,430 shares of the company’s stock worth $1,322,000 after buying an additional 1,100 shares in the last quarter. Finally, Appleton Partners Inc. MA boosted its position in shares of First Trust Nasdaq Cybersecurity ETF by 5.5% in the second quarter. Appleton Partners Inc. MA now owns 133,797 shares of the company’s stock valued at $7,549,000 after acquiring an additional 6,987 shares during the period.

First Trust Nasdaq Cybersecurity ETF Company Profile

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.