First Trust NASDAQ Cybersecurity ETF (NASDAQ:CIBR) Sees Significant Decrease in Short Interest
First Trust NASDAQ Cybersecurity ETF (NASDAQ:CIBR - Get Rating) was the target of a significant decrease in short interest in May. As of May 31st, there was short interest totalling 619,200 shares, a decrease of 53.4% from the May 15th total of 1,330,000 shares. Based on an average daily trading volume, of 1,193,200 shares, the days-to-cover ratio is currently 0.5 days.
Shares of CIBR opened at $41.13 on Friday. The stock has a 50 day simple moving average of $45.84 and a two-hundred day simple moving average of $48.40. First Trust NASDAQ Cybersecurity ETF has a 1 year low of $38.93 and a 1 year high of $56.58.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Monday, March 28th were paid a $0.02 dividend. This represents a $0.08 annualized dividend and a yield of 0.19%. The ex-dividend date was Friday, March 25th.
A number of institutional investors and hedge funds have recently modified their holdings of the business. Citigroup Inc. lifted its position in First Trust NASDAQ Cybersecurity ETF by 810.8% in the first quarter. Citigroup Inc. now owns 2,675,644 shares of the company's stock valued at $142,103,000 after purchasing an additional 2,381,861 shares during the last quarter. Prudential PLC lifted its position in First Trust NASDAQ Cybersecurity ETF by 11,657.4% in the first quarter. Prudential PLC now owns 1,723,641 shares of the company's stock valued at $91,543,000 after purchasing an additional 1,708,981 shares during the last quarter. Bank of America Corp DE lifted its position in First Trust NASDAQ Cybersecurity ETF by 19.2% in the first quarter. Bank of America Corp DE now owns 9,084,025 shares of the company's stock valued at $482,451,000 after purchasing an additional 1,462,745 shares during the last quarter. Morgan Stanley lifted its position in First Trust NASDAQ Cybersecurity ETF by 12.7% in the third quarter. Morgan Stanley now owns 9,533,486 shares of the company's stock valued at $464,471,000 after purchasing an additional 1,072,420 shares during the last quarter. Finally, Empowered Funds LLC bought a new stake in First Trust NASDAQ Cybersecurity ETF in the fourth quarter valued at approximately $35,682,000.
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