Short Interest in First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Expands By 27.2%


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First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) saw a significant increase in short interest in the month of April. As of April 15th, there was short interest totalling 33,200 shares, an increase of 27.2% from the March 31st total of 26,100 shares. Based on an average trading volume of 18,000 shares, the days-to-cover ratio is currently 1.8 days.

Several institutional investors have recently made changes to their positions in the company. Wealthcare Advisory Partners LLC bought a new stake in shares of First Trust Nasdaq Semiconductor ETF in the first quarter valued at about $48,000. AE Wealth Management LLC boosted its position in shares of First Trust Nasdaq Semiconductor ETF by 62.8% in the first quarter. AE Wealth Management LLC now owns 6,212 shares of the company’s stock valued at $402,000 after acquiring an additional 2,397 shares during the period. IFG Advisory LLC boosted its position in shares of First Trust Nasdaq Semiconductor ETF by 28.0% in the first quarter. IFG Advisory LLC now owns 38,727 shares of the company’s stock valued at $2,503,000 after acquiring an additional 8,483 shares during the period. Ballew Advisors Inc boosted its position in shares of First Trust Nasdaq Semiconductor ETF by 85.1% in the first quarter. Ballew Advisors Inc now owns 6,720 shares of the company’s stock valued at $452,000 after acquiring an additional 3,090 shares during the period. Finally, Fort Pitt Capital Group LLC bought a new stake in shares of First Trust Nasdaq Semiconductor ETF in the fourth quarter valued at about $128,000.

Shares of First Trust Nasdaq Semiconductor ETF stock traded down $1.14 during trading on Tuesday, reaching $61.27. The company’s stock had a trading volume of 21,651 shares, compared to its average volume of 16,416. The business’s 50-day moving average price is $65.26 and its 200-day moving average price is $62.34. First Trust Nasdaq Semiconductor ETF has a 52 week low of $36.50 and a 52 week high of $69.92.

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