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

First Trust Expanded Technology ETF (NYSEARCA:XPND) was the target of a significant decline in short interest during the month of August. As of August 14th, there was short interest totaling 251 shares, a decline of 94.8% from the July 30th total of 4,802 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 3,776 shares, the days-to-cover ratio is presently 0.1 days.

First Trust Expanded Technology ETF Trading Up 0.6%

First Trust Expanded Technology ETF stock traded up $0.24 during mid-day trading on Tuesday, hitting $39.06. The company had a trading volume of 4,704 shares, compared to its average volume of 7,798. First Trust Expanded Technology ETF has a 12 month low of $31.65 and a 12 month high of $42.34. The company has a market capitalization of $39.06 million, a PE ratio of 32.72 and a beta of 1.27. The stock’s 50 day moving average price is $39.48 and its two-hundred day moving average price is $37.41.

Hedge Funds Weigh In On First Trust Expanded Technology ETF

Large investors have recently modified their holdings of the stock. Ferguson Shapiro LLC increased its position in shares of First Trust Expanded Technology ETF by 12.0% during the first quarter. Ferguson Shapiro LLC now owns 530,624 shares of the company’s stock valued at $17,418,000 after acquiring an additional 56,962 shares in the last quarter. Integrated Wealth Concepts LLC raised its holdings in First Trust Expanded Technology ETF by 9.5% in the 3rd quarter. Integrated Wealth Concepts LLC now owns 154,647 shares of the company’s stock worth $5,612,000 after acquiring an additional 13,381 shares during the last quarter. Cetera Investment Advisers bought a new position in First Trust Expanded Technology ETF in the 4th quarter valued at approximately $241,000. Concurrent Investment Advisors LLC bought a new position in First Trust Expanded Technology ETF in the 2nd quarter valued at approximately $245,000. Finally, HighTower Advisors LLC boosted its stake in First Trust Expanded Technology ETF by 18.4% during the 4th quarter. HighTower Advisors LLC now owns 35,861 shares of the company’s stock valued at $1,295,000 after purchasing an additional 5,569 shares during the last quarter.

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.