Short Interest in First Trust Expanded Technology ETF (NYSEARCA:XPND) Declines By 46.1%

First Trust Expanded Technology ETF (NYSEARCA:XPNDGet Free Report) was the recipient of a significant decline in short interest in April. As of April 30th, there was short interest totaling 4,112 shares, a decline of 46.1% from the April 15th total of 7,625 shares. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily trading volume, of 2,546 shares, the short-interest ratio is presently 1.6 days.

Hedge Funds Weigh In On First Trust Expanded Technology ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in XPND. IFP Advisors Inc acquired a new position in First Trust Expanded Technology ETF in the third quarter valued at about $38,000. Advisory Services Network LLC acquired a new position in shares of First Trust Expanded Technology ETF during the third quarter worth approximately $45,000. Raymond James Financial Inc. acquired a new position in shares of First Trust Expanded Technology ETF during the second quarter worth approximately $71,000. International Assets Investment Management LLC acquired a new position in shares of First Trust Expanded Technology ETF during the fourth quarter worth approximately $103,000. Finally, Kestra Advisory Services LLC acquired a new position in shares of First Trust Expanded Technology ETF during the fourth quarter worth approximately $147,000.

First Trust Expanded Technology ETF Stock Down 1.0%

NYSEARCA:XPND traded down $0.40 on Friday, reaching $38.79. The stock had a trading volume of 1,496 shares, compared to its average volume of 10,469. The company has a market capitalization of $38.79 million, a P/E ratio of 32.72 and a beta of 1.25. First Trust Expanded Technology ETF has a 1-year low of $30.70 and a 1-year high of $39.28. The stock has a fifty day moving average price of $35.37 and a 200-day moving average price of $35.67.

First Trust Expanded Technology ETF Company Profile

(Get Free Report)

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.

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