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

First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) was the target of a large drop in short interest during 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 short-interest ratio is currently 1.2 days.

Institutional Investors Weigh In On First Trust Nasdaq Cybersecurity ETF

A number of hedge funds have recently modified their holdings of CIBR. FMR LLC raised its holdings in First Trust Nasdaq Cybersecurity ETF by 16.8% during the 3rd quarter. FMR LLC now owns 19,628 shares of the company’s stock worth $1,163,000 after buying an additional 2,818 shares during the period. D.A. Davidson & CO. lifted its position in First Trust Nasdaq Cybersecurity ETF by 0.7% in the 3rd quarter. D.A. Davidson & CO. now owns 100,041 shares of the company’s stock valued at $5,925,000 after acquiring an additional 724 shares in the last quarter. Acorn Wealth Advisors LLC boosted its position in shares of First Trust Nasdaq Cybersecurity ETF by 23.1% during the third quarter. Acorn Wealth Advisors LLC now owns 4,660 shares of the company’s stock worth $276,000 after buying an additional 873 shares during the period. Kingsview Wealth Management LLC grew its stake in shares of First Trust Nasdaq Cybersecurity ETF by 1.4% in the third quarter. Kingsview Wealth Management LLC now owns 37,101 shares of the company’s stock valued at $2,197,000 after buying an additional 496 shares in the last quarter. Finally, Great Valley Advisor Group Inc. raised its holdings in First Trust Nasdaq Cybersecurity ETF by 2.3% in the 3rd quarter. Great Valley Advisor Group Inc. now owns 12,320 shares of the company’s stock valued at $730,000 after acquiring an additional 282 shares in the last quarter.

First Trust Nasdaq Cybersecurity ETF Price Performance

CIBR traded down $0.24 during mid-day trading on Wednesday, hitting $64.37. The stock had a trading volume of 409,800 shares, compared to its average volume of 636,497. First Trust Nasdaq Cybersecurity ETF has a 1-year low of $47.02 and a 1-year high of $65.29. The firm has a market capitalization of $7.25 billion, a price-to-earnings ratio of 34.35 and a beta of 1.00. The stock’s fifty day simple moving average is $60.12 and its 200-day simple moving average is $57.33.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

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