Short Interest in First Trust Expanded Technology ETF (NYSEARCA:XPND) Drops By 94.8%

First Trust Expanded Technology ETF (NYSEARCA:XPNDGet Free Report) was the recipient of a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 251 shares, a decrease of 94.8% from the July 30th total of 4,802 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 3,776 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of First Trust Expanded Technology ETF

Institutional investors and hedge funds have recently modified their holdings of the company. IFP Advisors Inc bought a new position in First Trust Expanded Technology ETF in the 3rd quarter worth $38,000. Advisory Services Network LLC acquired a new stake in First Trust Expanded Technology ETF in the 3rd quarter valued at approximately $45,000. Raymond James Financial Inc. acquired a new stake in First Trust Expanded Technology ETF in the 2nd quarter valued at approximately $71,000. International Assets Investment Management LLC bought a new position in First Trust Expanded Technology ETF in the 4th quarter worth approximately $103,000. Finally, Kestra Advisory Services LLC acquired a new position in shares of First Trust Expanded Technology ETF during the fourth quarter worth approximately $147,000.

First Trust Expanded Technology ETF Stock Up 1.5%

First Trust Expanded Technology ETF stock traded up $0.60 during mid-day trading on Thursday, hitting $39.90. The company’s stock had a trading volume of 664 shares, compared to its average volume of 7,711. The stock has a market capitalization of $39.90 million, a P/E ratio of 32.72 and a beta of 1.27. First Trust Expanded Technology ETF has a twelve month low of $31.65 and a twelve month high of $42.34. The stock’s fifty day moving average price is $39.46 and its two-hundred day moving average price is $37.45.

First Trust Expanded Technology ETF Company Profile

(Get Free Report)

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.

Further Reading

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