First Trust Expanded Technology ETF (NYSEARCA:XPND) Shares Shorted: Short Interest Up 805.5% in October

First Trust Expanded Technology ETF (NYSEARCA:XPND) was the target of a significant increase in short interest during the month of October. As of October 15th, there was short interest totaling 2,472 shares, an increase of 805.5% from the September 30th total of 273 shares. Based on an average daily volume of 8,024 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the company’s shares are sold short.

Institutional Trading of First Trust Expanded Technology ETF

Institutional investors have recently added to or reduced their stakes in the business. Bullseye Investment Management LLC acquired a new position in shares of First Trust Expanded Technology ETF during the 2nd quarter valued at about $759,000. Ferguson Shapiro LLC raised its stake in shares of First Trust Expanded Technology ETF by 12.0% in the 1st quarter. Ferguson Shapiro LLC now owns 530,624 shares of the company’s stock valued at $17,418,000 after acquiring an additional 56,962 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in First Trust Expanded Technology ETF by 2.0% in the 2nd quarter. Envestnet Asset Management Inc. now owns 13,407 shares of the company’s stock worth $561,000 after purchasing an additional 263 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new stake in First Trust Expanded Technology ETF in the 2nd quarter worth approximately $245,000. Finally, Citadel Advisors LLC lifted its holdings 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 during the last quarter.

First Trust Expanded Technology ETF Price Performance

NYSEARCA XPND traded down $0.01 on Wednesday, hitting $38.91. 2,039 shares of the stock were exchanged, compared to its average volume of 6,891. First Trust Expanded Technology ETF has a 52-week low of $31.65 and a 52-week high of $42.34. The company has a market capitalization of $38.91 million, a price-to-earnings ratio of 32.72 and a beta of 1.26. The company’s 50-day moving average price is $39.36 and its two-hundred day moving average price is $37.68.

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.