Short Interest in First Trust Expanded Technology ETF (NYSEARCA:XPND) Increases By 70.8%

First Trust Expanded Technology ETF (NYSEARCA:XPND) was the recipient of a large growth in short interest during the month of July. As of July 15th, there was short interest totaling 2,243 shares, a growth of 70.8% from the June 30th total of 1,313 shares. Approximately 0.2% of the company’s stock are short sold. Based on an average daily volume of 5,657 shares, the days-to-cover ratio is currently 0.4 days.

First Trust Expanded Technology ETF Stock Up 0.9%

Shares of First Trust Expanded Technology ETF stock opened at $37.81 on Friday. The company has a market cap of $37.81 million, a P/E ratio of 32.72 and a beta of 1.26. The firm’s 50 day moving average price is $39.79 and its 200-day moving average price is $36.92. First Trust Expanded Technology ETF has a 52-week low of $31.65 and a 52-week high of $42.34.

Institutional Investors Weigh In On First Trust Expanded Technology ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. IFP Advisors Inc acquired a new position in shares of First Trust Expanded Technology ETF during the third quarter valued at about $38,000. Advisory Services Network LLC acquired a new stake in First Trust Expanded Technology ETF in the 3rd quarter worth approximately $45,000. Raymond James Financial Inc. purchased a new stake in First Trust Expanded Technology ETF during the 2nd quarter worth approximately $71,000. International Assets Investment Management LLC purchased a new stake in First Trust Expanded Technology ETF during the 4th quarter worth approximately $103,000. Finally, Kestra Advisory Services LLC purchased a new stake in First Trust Expanded Technology ETF during the 4th quarter worth approximately $147,000.

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.