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

First Trust NASDAQ Cybersecurity ETF (NASDAQ:CIBR - Get Rating) saw a significant decrease in short interest in the month of August. As of August 31st, there was short interest totalling 1,020,000 shares, a decrease of 17.7% from the August 15th total of 1,240,000 shares. Based on an average daily volume of 721,700 shares, the days-to-cover ratio is currently 1.4 days.

Hedge Funds Weigh In On First Trust NASDAQ Cybersecurity ETF

Institutional investors have recently modified their holdings of the company. CVA Family Office LLC bought a new stake in First Trust NASDAQ Cybersecurity ETF during the first quarter worth $27,000. Herold Advisors Inc. bought a new stake in First Trust NASDAQ Cybersecurity ETF during the first quarter worth $27,000. Capital Analysts LLC bought a new stake in First Trust NASDAQ Cybersecurity ETF during the first quarter worth $30,000. Asset Dedication LLC grew its holdings in First Trust NASDAQ Cybersecurity ETF by 61.6% during the second quarter. Asset Dedication LLC now owns 656 shares of the company's stock worth $26,000 after buying an additional 250 shares in the last quarter. Finally, Pinnacle Bancorp Inc. grew its holdings in First Trust NASDAQ Cybersecurity ETF by 137.3% during the second quarter. Pinnacle Bancorp Inc. now owns 712 shares of the company's stock worth $29,000 after buying an additional 412 shares in the last quarter.

First Trust NASDAQ Cybersecurity ETF Price Performance

Shares of NASDAQ:CIBR traded down $0.87 during trading on Friday, reaching $40.80. 595,257 shares of the stock were exchanged, compared to its average volume of 1,067,000. First Trust NASDAQ Cybersecurity ETF has a 1-year low of $38.08 and a 1-year high of $56.58. The stock has a fifty day moving average of $43.09 and a two-hundred day moving average of $44.95.

First Trust NASDAQ Cybersecurity ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, June 30th. Stockholders of record on Monday, June 27th were given a dividend of $0.003 per share. This represents a $0.01 dividend on an annualized basis and a dividend yield of 0.03%. The ex-dividend date of this dividend was Friday, June 24th.

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