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 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. Currently, 1.2% of the shares of the company are sold short. Based on an average daily volume of 781,200 shares, the short-interest ratio is presently 1.9 days.

First Trust Nasdaq Cybersecurity ETF Trading Up 1.0 %

NASDAQ CIBR opened at $65.46 on Monday. The business’s 50 day moving average is $66.76 and its two-hundred day moving average is $63.46. The stock has a market capitalization of $7.98 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.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Ashton Thomas Securities LLC acquired a new stake in First Trust Nasdaq Cybersecurity ETF in the 3rd quarter valued at about $26,000. Venturi Wealth Management LLC acquired a new stake in First Trust Nasdaq Cybersecurity ETF during the 3rd quarter valued at $49,000. Apollon Wealth Management LLC raised its stake in First Trust Nasdaq Cybersecurity ETF by 8.1% in the 3rd quarter. Apollon Wealth Management LLC now owns 8,033 shares of the company’s stock valued at $476,000 after purchasing an additional 604 shares during the last quarter. GSA Capital Partners LLP purchased a new stake in shares of First Trust Nasdaq Cybersecurity ETF during the third quarter worth about $222,000. Finally, Aptus Capital Advisors LLC raised its position in shares of First Trust Nasdaq Cybersecurity ETF by 12.7% in the third quarter. Aptus Capital Advisors LLC now owns 5,998 shares of the company’s stock valued at $355,000 after buying an additional 675 shares during the last quarter.

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.