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

First Trust Expanded Technology ETF (NYSEARCA:XPND) saw a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 277 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 1,767 shares, the short-interest ratio is currently 0.2 days.

Institutional Investors Weigh In On First Trust Expanded Technology ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of XPND. Envestnet Asset Management Inc. raised its holdings in First Trust Expanded Technology ETF by 2.0% in the second quarter. Envestnet Asset Management Inc. now owns 13,407 shares of the company’s stock worth $561,000 after buying an additional 263 shares during the last quarter. Foundations Investment Advisors LLC grew its holdings in shares of First Trust Expanded Technology ETF by 4.9% during the fourth quarter. Foundations Investment Advisors LLC now owns 10,422 shares of the company’s stock valued at $376,000 after buying an additional 490 shares during the last quarter. Sanctuary Advisors LLC increased its position in shares of First Trust Expanded Technology ETF by 8.9% during the first quarter. Sanctuary Advisors LLC now owns 10,579 shares of the company’s stock valued at $347,000 after acquiring an additional 869 shares in the last quarter. HighTower Advisors LLC increased its position 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 valued at $1,295,000 after acquiring an additional 5,569 shares in the last quarter. Finally, Concurrent Investment Advisors LLC purchased a new position in First Trust Expanded Technology ETF in the 2nd quarter worth approximately $245,000.

First Trust Expanded Technology ETF Trading Up 0.5%

First Trust Expanded Technology ETF stock traded up $0.20 on Tuesday, hitting $39.89. 1,570 shares of the stock traded hands, compared to its average volume of 7,063. First Trust Expanded Technology ETF has a 1 year low of $31.65 and a 1 year high of $42.34. The firm has a market cap of $39.89 million, a P/E ratio of 32.72 and a beta of 1.27. The business’s fifty day simple moving average is $39.00 and its 200 day simple moving average is $38.21.

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.