First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Short Interest Update

First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXLGet Rating) was the target of a significant growth in short interest during the month of March. As of March 31st, there was short interest totalling 40,500 shares, a growth of 800.0% from the March 15th total of 4,500 shares. Based on an average daily volume of 16,400 shares, the days-to-cover ratio is presently 2.5 days.

Shares of FTXL traded up $0.24 during mid-day trading on Tuesday, hitting $62.50. 1 shares of the company traded hands, compared to its average volume of 16,596. First Trust Nasdaq Semiconductor ETF has a one year low of $57.01 and a one year high of $83.10. The business has a 50-day simple moving average of $68.71.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 31st. Shareholders of record on Monday, March 28th were paid a $0.062 dividend. The ex-dividend date was Friday, March 25th. This represents a $0.25 dividend on an annualized basis and a yield of 0.40%.

A number of hedge funds have recently made changes to their positions in FTXL. IFP Advisors Inc acquired a new stake in First Trust Nasdaq Semiconductor ETF in the fourth quarter worth $58,000. Stonebridge Financial Planning Group LLC raised its holdings in First Trust Nasdaq Semiconductor ETF by 90.0% in the third quarter. Stonebridge Financial Planning Group LLC now owns 760 shares of the company’s stock worth $56,000 after purchasing an additional 360 shares during the period. Capital Analysts LLC acquired a new stake in First Trust Nasdaq Semiconductor ETF in the third quarter worth $92,000. Geneos Wealth Management Inc. acquired a new stake in First Trust Nasdaq Semiconductor ETF in the fourth quarter worth $110,000. Finally, Morgan Stanley raised its holdings in First Trust Nasdaq Semiconductor ETF by 2,671.4% in the third quarter. Morgan Stanley now owns 1,940 shares of the company’s stock worth $132,000 after purchasing an additional 1,870 shares during the period.

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