First Trust Expanded Technology ETF (NYSEARCA:XPND) Short Interest Update

First Trust Expanded Technology ETF (NYSEARCA:XPND) saw a significant increase in short interest in the month of February. As of February 27th, there was short interest totaling 2,628 shares, an increase of 132.0% from the February 12th total of 1,133 shares. Based on an average daily volume of 6,065 shares, the days-to-cover ratio is presently 0.4 days. Approximately 0.2% of the shares of the company are sold short. Approximately 0.2% of the shares of the company are sold short. Based on an average daily volume of 6,065 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of XPND. Ferguson Shapiro LLC acquired a new stake in shares of First Trust Expanded Technology ETF in the fourth quarter valued at about $17,102,000. Integrated Wealth Concepts LLC lifted its position in shares of First Trust Expanded Technology ETF by 9.5% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 154,647 shares of the company’s stock worth $5,612,000 after purchasing an additional 13,381 shares during the last quarter. Envestnet Asset Management Inc. bought a new stake in First Trust Expanded Technology ETF during the 2nd quarter valued at approximately $320,000. Foundations Investment Advisors LLC bought a new stake in First Trust Expanded Technology ETF during the 2nd quarter valued at approximately $304,000. Finally, DAVENPORT & Co LLC acquired a new stake in First Trust Expanded Technology ETF in the 3rd quarter valued at approximately $245,000.

First Trust Expanded Technology ETF Trading Down 0.3%

Shares of First Trust Expanded Technology ETF stock opened at $34.29 on Thursday. The firm has a fifty day simple moving average of $35.06 and a 200-day simple moving average of $35.80. The stock has a market capitalization of $51.44 million, a price-to-earnings ratio of 32.72 and a beta of 1.25. First Trust Expanded Technology ETF has a 1-year low of $24.15 and a 1-year high of $38.47.

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.