Short Interest in First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) Decreases By 54.2%

First Trust Nasdaq Cybersecurity ETF (NASDAQ:CIBR) was the recipient of a large decline in short interest in March. As of March 15th, there was short interest totalling 664,100 shares, a decline of 54.2% from the February 28th total of 1,450,000 shares. Approximately 0.6% of the shares of the company are sold short. Based on an average trading volume of 810,900 shares, the short-interest ratio is currently 0.8 days.

Institutional Investors Weigh In On First Trust Nasdaq Cybersecurity ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Barclays PLC grew its holdings in First Trust Nasdaq Cybersecurity ETF by 6.6% during the third quarter. Barclays PLC now owns 10,211 shares of the company’s stock worth $605,000 after acquiring an additional 631 shares during the period. Park Avenue Securities LLC bought a new position in shares of First Trust Nasdaq Cybersecurity ETF during the 4th quarter valued at about $233,000. Plan Group Financial LLC grew its stake in shares of First Trust Nasdaq Cybersecurity ETF by 4.8% in the 4th quarter. Plan Group Financial LLC now owns 5,929 shares of the company’s stock worth $376,000 after purchasing an additional 271 shares during the last quarter. Plotkin Financial Advisors LLC bought a new stake in shares of First Trust Nasdaq Cybersecurity ETF in the 3rd quarter worth approximately $6,905,000. Finally, US Bancorp DE raised its holdings in shares of First Trust Nasdaq Cybersecurity ETF by 41.5% in the 4th quarter. US Bancorp DE now owns 5,872 shares of the company’s stock worth $373,000 after purchasing an additional 1,722 shares in the last quarter.

First Trust Nasdaq Cybersecurity ETF Price Performance

Shares of CIBR traded down $1.22 during trading hours on Friday, reaching $63.39. 1,855,558 shares of the company’s stock traded hands, compared to its average volume of 636,068. First Trust Nasdaq Cybersecurity ETF has a twelve month low of $50.52 and a twelve month high of $71.92. The business’s fifty day simple moving average is $67.01 and its two-hundred day simple moving average is $63.92. The firm has a market capitalization of $7.52 billion, a price-to-earnings ratio of 33.06 and a beta of 1.00.

First Trust Nasdaq Cybersecurity ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be paid a dividend of $0.0043 per share. The ex-dividend date is Thursday, March 27th. This represents a $0.02 dividend on an annualized basis and a dividend yield of 0.03%.

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.