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

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

Institutional Trading of First Trust Expanded Technology ETF

A number of hedge funds have recently modified their holdings of the stock. Ferguson Shapiro LLC boosted its holdings in shares of First Trust Expanded Technology ETF by 12.0% during the 1st quarter. Ferguson Shapiro LLC now owns 530,624 shares of the company’s stock worth $17,418,000 after buying an additional 56,962 shares during the period. Bullseye Investment Management LLC bought a new position in First Trust Expanded Technology ETF in the 2nd quarter valued at about $759,000. Citadel Advisors LLC lifted its position in First Trust Expanded Technology ETF by 51.5% during the second quarter. Citadel Advisors LLC now owns 23,441 shares of the company’s stock worth $981,000 after acquiring an additional 7,965 shares during the last quarter. Concurrent Investment Advisors LLC acquired a new stake in First Trust Expanded Technology ETF during the second quarter worth approximately $245,000. Finally, HighTower Advisors LLC boosted its holdings in shares of First Trust Expanded Technology ETF by 18.4% during the fourth quarter. HighTower Advisors LLC now owns 35,861 shares of the company’s stock worth $1,295,000 after acquiring an additional 5,569 shares during the period.

First Trust Expanded Technology ETF Trading Up 0.5%

XPND opened at $39.89 on Wednesday. The stock’s fifty day simple moving average is $39.02 and its 200 day simple moving average is $38.24. First Trust Expanded Technology ETF has a 1-year low of $31.65 and a 1-year high of $42.34. The stock has a market cap of $39.89 million, a PE ratio of 32.72 and a beta of 1.27.

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.