First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Short Interest Up 1,863.6% in January

First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXLGet Free Report) was the recipient of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 463,400 shares, an increase of 1,863.6% from the December 31st total of 23,600 shares. Based on an average daily trading volume, of 317,700 shares, the short-interest ratio is currently 1.5 days.

Institutional Investors Weigh In On First Trust Nasdaq Semiconductor ETF

A number of hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC raised its stake in shares of First Trust Nasdaq Semiconductor ETF by 0.6% during the 2nd quarter. NewEdge Advisors LLC now owns 208,066 shares of the company’s stock worth $20,777,000 after buying an additional 1,227 shares in the last quarter. Nilsine Partners LLC grew its holdings in First Trust Nasdaq Semiconductor ETF by 4.8% during the fourth quarter. Nilsine Partners LLC now owns 178,580 shares of the company’s stock worth $15,585,000 after acquiring an additional 8,203 shares during the period. Benjamin Edwards Inc. raised its position in First Trust Nasdaq Semiconductor ETF by 11,762.7% in the third quarter. Benjamin Edwards Inc. now owns 150,656 shares of the company’s stock worth $14,067,000 after acquiring an additional 149,386 shares in the last quarter. Truist Financial Corp raised its position in First Trust Nasdaq Semiconductor ETF by 1.2% in the second quarter. Truist Financial Corp now owns 108,540 shares of the company’s stock worth $10,839,000 after acquiring an additional 1,301 shares in the last quarter. Finally, Claro Advisors LLC lifted its holdings in First Trust Nasdaq Semiconductor ETF by 2,290.5% in the third quarter. Claro Advisors LLC now owns 76,617 shares of the company’s stock valued at $7,147,000 after acquiring an additional 73,412 shares during the period.

First Trust Nasdaq Semiconductor ETF Stock Performance

Shares of FTXL opened at $86.73 on Wednesday. First Trust Nasdaq Semiconductor ETF has a 1 year low of $78.34 and a 1 year high of $107.74. The stock has a market capitalization of $325.24 million, a P/E ratio of 24.77 and a beta of 1.29. The company’s fifty day moving average is $89.60 and its two-hundred day moving average is $90.95.

First Trust Nasdaq Semiconductor ETF Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a dividend of $0.1657 per share. This is a boost from First Trust Nasdaq Semiconductor ETF’s previous dividend of $0.12. The ex-dividend date was Friday, December 13th.

First Trust Nasdaq Semiconductor ETF Company Profile

(Get Free Report)

The First Trust Nasdaq Semiconductor ETF (FTXL) is an exchange-traded fund that is based on the Nasdaq US Smart Semiconductor index. The fund tracks an index of the most liquid US semiconductor companies, weighted according to factors related to value, volatility and growth. FTXL was launched on Sep 20, 2016 and is managed by First Trust.

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