First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Sees Large Increase in Short Interest

First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXLGet Rating) saw a significant increase in short interest during the month of May. As of May 31st, there was short interest totalling 1,800 shares, an increase of 28.6% from the May 15th total of 1,400 shares. Based on an average daily trading volume, of 13,500 shares, the days-to-cover ratio is currently 0.1 days.

NASDAQ FTXL traded up $0.80 on Thursday, hitting $56.04. 13,397 shares of the stock were exchanged, compared to its average volume of 15,524. First Trust Nasdaq Semiconductor ETF has a 52-week low of $54.76 and a 52-week high of $83.10. The stock has a fifty day moving average price of $61.21 and a two-hundred day moving average price of $68.87.

The company also recently announced a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Monday, March 28th were issued a $0.062 dividend. The ex-dividend date of this dividend was Friday, March 25th. This represents a $0.25 annualized dividend and a dividend yield of 0.44%.

Several hedge funds have recently added to or reduced their stakes in FTXL. Prospera Financial Services Inc bought a new position in First Trust Nasdaq Semiconductor ETF during the 1st quarter valued at about $28,000. IFP Advisors Inc purchased a new position in shares of First Trust Nasdaq Semiconductor ETF during the fourth quarter valued at approximately $58,000. Geneos Wealth Management Inc. bought a new position in shares of First Trust Nasdaq Semiconductor ETF during the fourth quarter valued at approximately $110,000. Morgan Stanley raised its holdings in shares of 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 buying an additional 1,870 shares during the period. Finally, Harvest Investment Services LLC purchased a new stake in shares of First Trust Nasdaq Semiconductor ETF in the fourth quarter worth approximately $202,000.

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