Short Interest in First Trust Expanded Technology ETF (NYSEARCA:XPND) Increases By 150.0%

First Trust Expanded Technology ETF (NYSEARCA:XPND) saw a large increase in short interest during the month of May. As of May 31st, there was short interest totalling 1,500 shares, an increase of 150.0% from the May 15th total of 600 shares. Based on an average daily volume of 7,800 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.2% of the company’s shares are short sold.

Institutional Investors Weigh In On First Trust Expanded Technology ETF

A number of institutional investors have recently modified their holdings of the company. Integrated Wealth Concepts LLC bought a new stake in shares of First Trust Expanded Technology ETF in the 1st quarter valued at $4,279,000. Nations Financial Group Inc. IA ADV bought a new stake in shares of First Trust Expanded Technology ETF in the 1st quarter valued at $963,000. HighTower Advisors LLC boosted its stake in First Trust Expanded Technology ETF by 13.7% during the first quarter. HighTower Advisors LLC now owns 30,110 shares of the company’s stock worth $850,000 after acquiring an additional 3,636 shares in the last quarter. AE Wealth Management LLC boosted its stake in First Trust Expanded Technology ETF by 170.5% during the first quarter. AE Wealth Management LLC now owns 1,975 shares of the company’s stock worth $56,000 after acquiring an additional 1,245 shares in the last quarter. Finally, Boyce & Associates Wealth Consulting Inc. boosted its stake in First Trust Expanded Technology ETF by 14.8% during the first quarter. Boyce & Associates Wealth Consulting Inc. now owns 17,447 shares of the company’s stock worth $493,000 after acquiring an additional 2,243 shares in the last quarter.

First Trust Expanded Technology ETF Stock Performance

Shares of NYSEARCA:XPND traded down $0.47 during trading on Friday, reaching $32.04. The stock had a trading volume of 1,729 shares, compared to its average volume of 6,152. The firm’s fifty day moving average is $29.75 and its 200 day moving average is $30.21. First Trust Expanded Technology ETF has a 52 week low of $24.15 and a 52 week high of $32.83. The stock has a market cap of $25.63 million, a price-to-earnings ratio of 31.70 and a beta of 1.24.

About First Trust Expanded Technology ETF

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.