Short Interest in First Trust Expanded Technology ETF (NYSEARCA:XPND) Increases By 956.4%

First Trust Expanded Technology ETF (NYSEARCA:XPND) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 4,120 shares, a growth of 956.4% from the December 15th total of 390 shares. Based on an average daily trading volume, of 49,180 shares, the short-interest ratio is presently 0.1 days. Approximately 0.3% of the company’s stock are short sold. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 49,180 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On First Trust Expanded Technology ETF

A number of institutional investors have recently added to or reduced their stakes in XPND. Clear Creek Financial Management LLC bought a new stake in shares of First Trust Expanded Technology ETF during the 2nd quarter valued at $462,000. Integrated Wealth Concepts LLC increased its stake in shares of First Trust Expanded Technology ETF by 9.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 154,647 shares of the company’s stock worth $5,612,000 after acquiring an additional 13,381 shares in the last quarter. Envestnet Asset Management Inc. purchased a new position in First Trust Expanded Technology ETF during the 2nd quarter valued at about $320,000. Foundations Investment Advisors LLC purchased a new position in First Trust Expanded Technology ETF during the 2nd quarter valued at about $304,000. Finally, Arkadios Wealth Advisors bought a new stake in First Trust Expanded Technology ETF during the second quarter worth about $276,000.

First Trust Expanded Technology ETF Trading Down 2.9%

Shares of XPND stock traded down $1.06 during midday trading on Wednesday, reaching $35.56. 3,566 shares of the stock were exchanged, compared to its average volume of 4,071. First Trust Expanded Technology ETF has a 1 year low of $24.15 and a 1 year high of $38.47. The company’s 50 day moving average is $36.26 and its two-hundred day moving average is $35.53. The firm has a market cap of $53.33 million, a PE ratio of 32.72 and a beta of 1.25.

First Trust Expanded Technology ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a dividend of $0.0127 per share. The ex-dividend date was Friday, December 12th. This represents a $0.05 annualized dividend and a dividend yield of 0.1%.

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.