Short Interest in First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Expands By 363.9%

First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) was the target of a significant increase in short interest in March. As of March 15th, there was short interest totalling 28,300 shares, an increase of 363.9% from the February 29th total of 6,100 shares. Based on an average daily trading volume, of 119,500 shares, the days-to-cover ratio is currently 0.2 days.

First Trust Nasdaq Semiconductor ETF Stock Performance

NASDAQ:FTXL opened at $90.63 on Thursday. The firm has a market cap of $1.41 billion, a PE ratio of 19.68 and a beta of 1.29. First Trust Nasdaq Semiconductor ETF has a fifty-two week low of $57.43 and a fifty-two week high of $95.48. The business has a 50 day moving average price of $86.32 and a 200-day moving average price of $76.87.

First Trust Nasdaq Semiconductor ETF Announces Dividend

The firm also recently declared a dividend, which will be paid on Thursday, March 28th. Investors of record on Friday, March 22nd will be paid a $0.0767 dividend. The ex-dividend date is Thursday, March 21st.

Hedge Funds Weigh In On First Trust Nasdaq Semiconductor ETF

A number of institutional investors have recently added to or reduced their stakes in FTXL. Wells Fargo & Company MN increased its holdings in shares of First Trust Nasdaq Semiconductor ETF by 58.2% during the fourth quarter. Wells Fargo & Company MN now owns 353,807 shares of the company’s stock valued at $28,846,000 after acquiring an additional 130,183 shares in the last quarter. O Dell Group LLC boosted its position in shares of First Trust Nasdaq Semiconductor ETF by 0.7% during the third quarter. O Dell Group LLC now owns 300,662 shares of the company’s stock valued at $20,334,000 after buying an additional 2,020 shares during the last quarter. NewSquare Capital LLC boosted its position in shares of First Trust Nasdaq Semiconductor ETF by 39.2% during the third quarter. NewSquare Capital LLC now owns 280,448 shares of the company’s stock valued at $18,967,000 after buying an additional 78,967 shares during the last quarter. Royal Bank of Canada boosted its position in shares of First Trust Nasdaq Semiconductor ETF by 13.9% during the third quarter. Royal Bank of Canada now owns 214,244 shares of the company’s stock valued at $14,490,000 after buying an additional 26,074 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its position in shares of First Trust Nasdaq Semiconductor ETF by 31.0% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 213,415 shares of the company’s stock valued at $15,193,000 after buying an additional 50,460 shares during the last quarter.

First Trust Nasdaq Semiconductor ETF Company Profile

The First Trust Nasdaq Semiconductor ETF (FTXL) is an exchange-traded fund that is based on the Nasdaq US Smart Semiconductor index. The fund tracks an index of the most liquid US semiconductor companies, weighted according to factors related to value, volatility and growth. FTXL was launched on Sep 20, 2016 and is managed by First Trust.