First Trust Expanded Technology ETF (NYSEARCA:XPND) Sees Significant Decrease in Short Interest

First Trust Expanded Technology ETF (NYSEARCA:XPND) saw a large drop in short interest in January. As of January 30th, there was short interest totaling 3,403 shares, a drop of 23.1% from the January 15th total of 4,426 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 6,901 shares, the short-interest ratio is presently 0.5 days. Based on an average daily volume of 6,901 shares, the short-interest ratio is presently 0.5 days. Currently, 0.2% of the company’s stock are short sold.

Institutional Investors Weigh In On First Trust Expanded Technology ETF

Several institutional investors have recently modified their holdings of XPND. IFP Advisors Inc acquired a new position in shares of First Trust Expanded Technology ETF during the third quarter worth $38,000. Advisory Services Network LLC purchased a new stake in First Trust Expanded Technology ETF during the 3rd quarter worth about $45,000. Raymond James Financial Inc. acquired a new position in shares of First Trust Expanded Technology ETF during the 2nd quarter worth about $71,000. International Assets Investment Management LLC purchased a new position in shares of First Trust Expanded Technology ETF in the 4th quarter valued at about $103,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in shares of First Trust Expanded Technology ETF during the 2nd quarter worth about $117,000.

First Trust Expanded Technology ETF Price Performance

Shares of First Trust Expanded Technology ETF stock traded up $0.30 on Friday, reaching $34.07. 3,521 shares of the company were exchanged, compared to its average volume of 5,444. The stock’s 50 day moving average price is $35.82 and its 200-day moving average price is $35.75. First Trust Expanded Technology ETF has a 1-year low of $24.15 and a 1-year high of $38.47. The company has a market cap of $51.11 million, a P/E ratio of 32.72 and a beta of 1.25.

First Trust Expanded Technology ETF Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a dividend of $0.0127 per share. This represents a $0.05 annualized dividend and a yield of 0.1%. The ex-dividend date was Friday, December 12th.

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.