First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Short Interest Update

First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) was the recipient of a significant growth in short interest during the month of August. As of August 15th, there was short interest totalling 17,500 shares, a growth of 136.5% from the July 31st total of 7,400 shares. Based on an average trading volume of 46,300 shares, the short-interest ratio is presently 0.4 days.

Hedge Funds Weigh In On First Trust Nasdaq Semiconductor ETF

Several institutional investors and hedge funds have recently modified their holdings of FTXL. International Assets Investment Management LLC bought a new stake in First Trust Nasdaq Semiconductor ETF in the 2nd quarter valued at about $51,000. Northwestern Mutual Wealth Management Co. grew its position in First Trust Nasdaq Semiconductor ETF by 24.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 940 shares of the company’s stock worth $94,000 after buying an additional 185 shares in the last quarter. Comerica Bank increased its stake in First Trust Nasdaq Semiconductor ETF by 30.5% during the 1st quarter. Comerica Bank now owns 1,754 shares of the company’s stock worth $159,000 after acquiring an additional 410 shares during the period. Founders Financial Alliance LLC raised its holdings in First Trust Nasdaq Semiconductor ETF by 9.8% in the 4th quarter. Founders Financial Alliance LLC now owns 2,010 shares of the company’s stock valued at $164,000 after acquiring an additional 179 shares in the last quarter. Finally, Brookstone Capital Management bought a new stake in shares of First Trust Nasdaq Semiconductor ETF during the 2nd quarter valued at $269,000.

First Trust Nasdaq Semiconductor ETF Stock Performance

NASDAQ:FTXL traded up $1.83 during mid-day trading on Friday, hitting $93.36. 40,759 shares of the stock were exchanged, compared to its average volume of 72,857. The firm’s 50-day simple moving average is $95.72 and its 200 day simple moving average is $92.15. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 24.77 and a beta of 1.29. First Trust Nasdaq Semiconductor ETF has a fifty-two week low of $61.62 and a fifty-two week high of $107.74.

First Trust Nasdaq Semiconductor ETF Increases Dividend

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

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.