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

First Trust Expanded Technology ETF (NYSEARCA:XPND) was the target of a significant drop in short interest during the month of April. As of April 15th, there was short interest totaling 7,625 shares, a drop of 14.0% from the March 31st total of 8,862 shares. Currently, 0.8% of the company’s shares are sold short. Based on an average trading volume of 59,427 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of First Trust Expanded Technology ETF

Hedge funds have recently modified their holdings of the company. Ferguson Shapiro LLC acquired a new stake in shares of First Trust Expanded Technology ETF in the 4th quarter valued at approximately $17,102,000. Foundations Investment Advisors LLC raised its position in shares of First Trust Expanded Technology ETF by 4.9% in the 4th quarter. Foundations Investment Advisors LLC now owns 10,422 shares of the company’s stock valued at $376,000 after acquiring an additional 490 shares during the period. HighTower Advisors LLC raised its position in shares of First Trust Expanded Technology ETF by 18.4% in the 4th 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 during the period. International Assets Investment Management LLC acquired a new stake in shares of First Trust Expanded Technology ETF in the 4th quarter valued at approximately $103,000. Finally, Sanctuary Advisors LLC raised its position in shares of First Trust Expanded Technology ETF by 29.3% in the 4th quarter. Sanctuary Advisors LLC now owns 9,710 shares of the company’s stock valued at $351,000 after acquiring an additional 2,199 shares during the period.

First Trust Expanded Technology ETF Price Performance

First Trust Expanded Technology ETF stock remained flat at $37.33 during mid-day trading on Friday. The company had a trading volume of 1,720 shares, compared to its average volume of 11,577. The firm’s 50 day moving average is $34.64 and its 200-day moving average is $35.58. The firm has a market cap of $37.33 million, a PE ratio of 32.72 and a beta of 1.24. First Trust Expanded Technology ETF has a fifty-two week low of $29.01 and a fifty-two week 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.