First Trust Expanded Technology ETF (NYSEARCA:XPND – Get Free Report) was the recipient of a significant drop in short interest during the month of March. As of March 13th, there was short interest totaling 126 shares, a drop of 95.2% from the February 26th total of 2,628 shares. Currently, 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 5,596 shares, the short-interest ratio is presently 0.0 days. Based on an average daily trading volume, of 5,596 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.
Institutional Trading of First Trust Expanded Technology ETF
Several hedge funds have recently bought and sold shares of XPND. Envestnet Asset Management Inc. bought a new position in shares of First Trust Expanded Technology ETF during the 2nd quarter valued at about $320,000. Raymond James Financial Inc. bought a new stake in shares of First Trust Expanded Technology ETF in the second quarter worth about $71,000. Newbridge Financial Services Group Inc. purchased a new stake in shares of First Trust Expanded Technology ETF in the second quarter worth about $117,000. Osaic Holdings Inc. lifted its position in shares of First Trust Expanded Technology ETF by 1.5% in the second quarter. Osaic Holdings Inc. now owns 100,095 shares of the company’s stock worth $3,371,000 after buying an additional 1,463 shares in the last quarter. Finally, DAVENPORT & Co LLC bought a new position in First Trust Expanded Technology ETF during the third quarter valued at approximately $245,000.
First Trust Expanded Technology ETF Price Performance
Shares of XPND stock traded down $0.23 during mid-day trading on Tuesday, hitting $33.58. The company had a trading volume of 5,533 shares, compared to its average volume of 5,610. The stock’s 50 day moving average price is $34.58 and its 200-day moving average price is $35.78. First Trust Expanded Technology ETF has a 52-week low of $24.15 and a 52-week high of $38.47. The company has a market capitalization of $50.37 million, a P/E ratio of 32.72 and a beta of 1.25.
First Trust Expanded Technology ETF Company Profile
The First Trust Expanded Technology ETF (XPND) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund actively invests in US stocks whose businesses are derived from or dependent on technology. XPND was launched on Jun 14, 2021 and is managed by First Trust.
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