First Trust Expanded Technology ETF (NYSEARCA:XPND) Sees Large Decline in Short Interest

First Trust Expanded Technology ETF (NYSEARCA:XPND) saw a significant decline in short interest during the month of May. As of May 29th, there was short interest totaling 2,002 shares, a decline of 40.6% from the May 14th total of 3,370 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 2,051 shares, the short-interest ratio is presently 1.0 days.

Institutional Trading of First Trust Expanded Technology ETF

Institutional investors have recently added to or reduced their stakes in the stock. IFP Advisors Inc bought a new stake in First Trust Expanded Technology ETF in the third quarter valued at approximately $38,000. Advisory Services Network LLC bought a new stake in First Trust Expanded Technology ETF in the third quarter valued at approximately $45,000. Raymond James Financial Inc. bought a new stake in First Trust Expanded Technology ETF in the second quarter valued at approximately $71,000. International Assets Investment Management LLC bought a new stake in First Trust Expanded Technology ETF in the fourth quarter valued at approximately $103,000. Finally, Kestra Advisory Services LLC bought a new stake in First Trust Expanded Technology ETF in the fourth quarter valued at approximately $147,000.

First Trust Expanded Technology ETF Price Performance

Shares of XPND stock opened at $40.51 on Wednesday. The business’s 50 day simple moving average is $38.29 and its 200 day simple moving average is $36.21. First Trust Expanded Technology ETF has a one year low of $31.65 and a one year high of $42.34. The stock has a market capitalization of $40.51 million, a PE ratio of 32.72 and a beta of 1.26.

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.