Short Interest in First Trust Expanded Technology ETF (NYSEARCA:XPND) Increases By 132.0%

First Trust Expanded Technology ETF (NYSEARCA:XPND) was the target of a large increase in short interest in February. As of February 27th, there was short interest totaling 2,628 shares, an increase of 132.0% from the February 12th total of 1,133 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 6,065 shares, the days-to-cover ratio is currently 0.4 days. Based on an average daily trading volume, of 6,065 shares, the days-to-cover ratio is currently 0.4 days. Currently, 0.2% of the shares of the stock are sold short.

First Trust Expanded Technology ETF Price Performance

First Trust Expanded Technology ETF stock opened at $34.29 on Thursday. The firm has a market capitalization of $51.44 million, a P/E ratio of 32.72 and a beta of 1.25. The stock has a fifty day moving average price of $35.06 and a two-hundred day moving average price of $35.80. First Trust Expanded Technology ETF has a 52-week low of $24.15 and a 52-week high of $38.47.

Institutional Investors Weigh In On First Trust Expanded Technology ETF

A number of hedge funds have recently made changes to their positions in XPND. Arkadios Wealth Advisors lifted its holdings in First Trust Expanded Technology ETF by 3.9% during the 4th quarter. Arkadios Wealth Advisors now owns 9,721 shares of the company’s stock valued at $351,000 after purchasing an additional 368 shares during the last quarter. Clear Creek Financial Management LLC grew its stake in First Trust Expanded Technology ETF by 2.9% during the third quarter. Clear Creek Financial Management LLC now owns 14,125 shares of the company’s stock worth $513,000 after buying an additional 400 shares during the last quarter. Foundations Investment Advisors LLC grew its stake in First Trust Expanded Technology ETF by 4.9% during the fourth quarter. Foundations Investment Advisors LLC now owns 10,422 shares of the company’s stock worth $376,000 after buying an additional 490 shares during the last quarter. Kestra Private Wealth Services LLC increased its holdings in shares of First Trust Expanded Technology ETF by 6.8% during the third quarter. Kestra Private Wealth Services LLC now owns 8,562 shares of the company’s stock worth $311,000 after buying an additional 545 shares in the last quarter. Finally, &PARTNERS increased its holdings in shares of First Trust Expanded Technology ETF by 5.7% during the fourth quarter. &PARTNERS now owns 10,159 shares of the company’s stock worth $367,000 after buying an additional 550 shares in the last quarter.

About First Trust Expanded Technology ETF

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.