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

First Trust Expanded Technology ETF (NYSEARCA:XPND) saw a significant decrease in short interest in the month of August. As of August 14th, there was short interest totaling 251 shares, a decrease of 94.8% from the July 30th total of 4,802 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 3,776 shares, the short-interest ratio is currently 0.1 days.

First Trust Expanded Technology ETF Trading Up 0.6%

First Trust Expanded Technology ETF stock traded up $0.24 on Tuesday, hitting $39.06. 4,704 shares of the stock traded hands, compared to its average volume of 7,798. The firm has a market cap of $39.06 million, a P/E ratio of 32.72 and a beta of 1.27. The business’s fifty day simple moving average is $39.48 and its 200 day simple moving average is $37.41. First Trust Expanded Technology ETF has a 1 year low of $31.65 and a 1 year high of $42.34.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. IFP Advisors Inc bought a new stake in First Trust Expanded Technology ETF during the third quarter worth about $38,000. Advisory Services Network LLC bought a new position in shares of First Trust Expanded Technology ETF during the third quarter valued at approximately $45,000. Raymond James Financial Inc. purchased a new position in shares of First Trust Expanded Technology ETF during the second quarter valued at approximately $71,000. International Assets Investment Management LLC purchased a new position in shares of First Trust Expanded Technology ETF during the fourth quarter valued at approximately $103,000. Finally, Kestra Advisory Services LLC bought a new stake in shares of First Trust Expanded Technology ETF in 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.