Short Interest in First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) Increases By 47.6%

First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) was the target of a significant increase in short interest in 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. Approximately 1.2% of the company’s stock are sold short. Based on an average trading volume of 781,200 shares, the short-interest ratio is presently 1.9 days.

Institutional Trading of First Trust Nasdaq Cybersecurity ETF

Several hedge funds have recently modified their holdings of the stock. Moloney Securities Asset Management LLC raised its stake in shares of First Trust Nasdaq Cybersecurity ETF by 1.2% in the fourth quarter. Moloney Securities Asset Management LLC now owns 12,383 shares of the company’s stock valued at $786,000 after acquiring an additional 152 shares in the last quarter. CIBC Private Wealth Group LLC increased its holdings in First Trust Nasdaq Cybersecurity ETF by 17.0% in the fourth quarter. CIBC Private Wealth Group LLC now owns 1,103 shares of the company’s stock valued at $71,000 after buying an additional 160 shares during the last quarter. Fiduciary Trust Co increased its holdings in First Trust Nasdaq Cybersecurity ETF by 2.5% in the fourth quarter. Fiduciary Trust Co now owns 6,618 shares of the company’s stock valued at $420,000 after buying an additional 160 shares during the last quarter. Visionary Wealth Advisors increased its holdings in First Trust Nasdaq Cybersecurity ETF by 3.2% in the fourth quarter. Visionary Wealth Advisors now owns 5,232 shares of the company’s stock valued at $332,000 after buying an additional 163 shares during the last quarter. Finally, Huntington National Bank increased its holdings in First Trust Nasdaq Cybersecurity ETF by 26.8% in the fourth quarter. Huntington National Bank now owns 785 shares of the company’s stock valued at $50,000 after buying an additional 166 shares during the last quarter.

First Trust Nasdaq Cybersecurity ETF Price Performance

Shares of NASDAQ CIBR traded up $2.09 during mid-day trading on Friday, hitting $64.81. The company had a trading volume of 457,697 shares, compared to its average volume of 610,093. The company has a market capitalization of $7.90 billion, a PE ratio of 33.06 and a beta of 0.92. First Trust Nasdaq Cybersecurity ETF has a 1-year low of $50.52 and a 1-year high of $71.92. The business’s 50-day simple moving average is $66.76 and its 200 day simple moving average is $63.42.

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.