First Trust Expanded Technology ETF (NYSEARCA:XPND) Sees Significant Increase in Short Interest

First Trust Expanded Technology ETF (NYSEARCA:XPND) was the recipient of a large growth in short interest in the month of September. As of September 15th, there was short interest totaling 277 shares. Currently, 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 1,767 shares, the short-interest ratio is presently 0.2 days.

First Trust Expanded Technology ETF Trading Down 0.5%

NYSEARCA XPND traded down $0.21 on Monday, hitting $39.75. 470 shares of the company’s stock were exchanged, compared to its average volume of 7,093. First Trust Expanded Technology ETF has a 52 week low of $31.65 and a 52 week high of $42.34. The stock has a 50-day moving average of $38.97 and a 200-day moving average of $38.17. The stock has a market cap of $39.75 million, a price-to-earnings ratio of 32.72 and a beta of 1.27.

Institutional Trading of First Trust Expanded Technology ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its holdings in shares of First Trust Expanded Technology ETF by 2.0% in the second quarter. Envestnet Asset Management Inc. now owns 13,407 shares of the company’s stock valued at $561,000 after acquiring an additional 263 shares in the last quarter. Bullseye Investment Management LLC purchased a new stake in First Trust Expanded Technology ETF during the 2nd quarter worth about $759,000. Citadel Advisors LLC lifted its stake in First Trust Expanded Technology ETF by 51.5% in the 2nd quarter. Citadel Advisors LLC now owns 23,441 shares of the company’s stock worth $981,000 after purchasing an additional 7,965 shares in the last quarter. Concurrent Investment Advisors LLC purchased a new position in First Trust Expanded Technology ETF during the second quarter worth about $245,000. Finally, Sanctuary Advisors LLC raised its position in shares of First Trust Expanded Technology ETF by 8.9% during the 1st quarter. Sanctuary Advisors LLC now owns 10,579 shares of the company’s stock valued at $347,000 after buying an additional 869 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.