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

First Trust Expanded Technology ETF (NYSEARCA:XPND) was the target of a large growth in short interest during the month of February. As of February 27th, there was short interest totaling 2,628 shares, a growth of 132.0% from the February 12th total of 1,133 shares. Currently, 0.2% of the shares of the company are short sold. Based on an average trading volume of 6,065 shares, the days-to-cover ratio is presently 0.4 days. Based on an average trading volume of 6,065 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.2% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. IFP Advisors Inc bought a new position in shares of First Trust Expanded Technology ETF during the 3rd quarter valued at approximately $38,000. Advisory Services Network LLC bought a new stake in First Trust Expanded Technology ETF during the 3rd quarter worth approximately $45,000. Raymond James Financial Inc. purchased a new position in First Trust Expanded Technology ETF during the second quarter valued at approximately $71,000. International Assets Investment Management LLC purchased a new position in First Trust Expanded Technology ETF during the fourth quarter valued at approximately $103,000. Finally, Newbridge Financial Services Group Inc. bought a new position in shares of First Trust Expanded Technology ETF in the second quarter worth approximately $117,000.

First Trust Expanded Technology ETF Stock Performance

Shares of First Trust Expanded Technology ETF stock opened at $33.48 on Friday. First Trust Expanded Technology ETF has a one year low of $24.15 and a one year high of $38.47. The stock’s fifty day moving average is $34.96 and its 200 day moving average is $35.78. The stock has a market cap of $50.22 million, a P/E ratio of 32.72 and a beta of 1.25.

First Trust Expanded Technology ETF Company Profile

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.