Short Interest in First Trust Expanded Technology ETF (NYSEARCA:XPND) Declines By 46.1%

First Trust Expanded Technology ETF (NYSEARCA:XPND) was the target of a large decline in short interest in April. As of April 30th, there was short interest totaling 4,112 shares, a decline of 46.1% from the April 15th total of 7,625 shares. Based on an average trading volume of 2,546 shares, the short-interest ratio is currently 1.6 days. Approximately 0.4% of the shares of the stock are short sold.

Institutional Trading of First Trust Expanded Technology ETF

Several institutional investors have recently made changes to their positions in XPND. Ferguson Shapiro LLC acquired a new stake in shares of First Trust Expanded Technology ETF during the 4th quarter valued at about $17,102,000. Integrated Wealth Concepts LLC boosted its position in First Trust Expanded Technology ETF by 9.5% in the third quarter. Integrated Wealth Concepts LLC now owns 154,647 shares of the company’s stock valued at $5,612,000 after buying an additional 13,381 shares in the last quarter. RFG Advisory LLC acquired a new position in First Trust Expanded Technology ETF in the third quarter valued at about $243,000. Cetera Investment Advisers acquired a new position in First Trust Expanded Technology ETF in the fourth quarter valued at about $241,000. Finally, HighTower Advisors LLC boosted its position in First Trust Expanded Technology ETF by 18.4% in the fourth quarter. HighTower Advisors LLC now owns 35,861 shares of the company’s stock valued at $1,295,000 after buying an additional 5,569 shares in the last quarter.

First Trust Expanded Technology ETF Price Performance

Shares of First Trust Expanded Technology ETF stock traded down $0.40 during trading on Friday, hitting $38.79. 1,496 shares of the company’s stock traded hands, compared to its average volume of 10,469. The firm’s fifty day moving average price is $35.37 and its 200 day moving average price is $35.67. First Trust Expanded Technology ETF has a twelve month low of $30.70 and a twelve month high of $39.28. The company has a market cap of $38.79 million, a PE ratio of 32.72 and a beta of 1.25.

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.