Short Interest in First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Grows By 142.9%

First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) saw a large growth in short interest in the month of July. As of July 15th, there was short interest totalling 3,400 shares, a growth of 142.9% from the June 30th total of 1,400 shares. Based on an average daily trading volume, of 34,700 shares, the short-interest ratio is presently 0.1 days.

First Trust Nasdaq Semiconductor ETF Trading Up 1.6 %

First Trust Nasdaq Semiconductor ETF stock traded up $1.51 during mid-day trading on Friday, hitting $94.18. The stock had a trading volume of 44,082 shares, compared to its average volume of 73,886. The firm has a market capitalization of $1.50 billion, a P/E ratio of 24.77 and a beta of 1.29. The firm’s 50 day moving average is $99.08 and its 200 day moving average is $90.58. First Trust Nasdaq Semiconductor ETF has a one year low of $61.62 and a one year high of $107.74.

First Trust Nasdaq Semiconductor ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were issued a dividend of $0.1248 per share. The ex-dividend date of this dividend was Thursday, June 27th. This is an increase from First Trust Nasdaq Semiconductor ETF’s previous dividend of $0.08.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. boosted its holdings in shares of First Trust Nasdaq Semiconductor ETF by 13.7% during the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 52,155 shares of the company’s stock valued at $4,722,000 after purchasing an additional 6,295 shares during the last quarter. BNP Paribas Financial Markets bought a new position in shares of First Trust Nasdaq Semiconductor ETF during the 1st quarter valued at about $4,527,000. Ballew Advisors Inc boosted its holdings in shares of First Trust Nasdaq Semiconductor ETF by 40.7% during the 4th quarter. Ballew Advisors Inc now owns 4,729 shares of the company’s stock valued at $373,000 after purchasing an additional 1,367 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of First Trust Nasdaq Semiconductor ETF by 1.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 60,964 shares of the company’s stock valued at $4,970,000 after purchasing an additional 982 shares during the last quarter. Finally, Harvest Investment Services LLC bought a new position in shares of First Trust Nasdaq Semiconductor ETF during the 4th quarter valued at about $238,000.

First Trust Nasdaq Semiconductor ETF Company Profile

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.