First Trust Expanded Technology ETF (NYSEARCA:XPND) Short Interest Up 132.0% in February

First Trust Expanded Technology ETF (NYSEARCA:XPND) saw a large increase in short interest in February. As of February 27th, there was short interest totaling 2,628 shares, an increase of 132.0% from the February 12th total of 1,133 shares. Currently, 0.2% of the company’s stock 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 company’s stock are short sold.

First Trust Expanded Technology ETF Price Performance

NYSEARCA:XPND traded down $0.19 during mid-day trading on Friday, hitting $33.48. 2,383 shares of the company’s stock were exchanged, compared to its average volume of 5,567. First Trust Expanded Technology ETF has a one year low of $24.15 and a one year high of $38.47. The business has a fifty day moving average price of $35.01 and a 200 day moving average price of $35.78. The company has a market cap of $50.22 million, a PE ratio of 32.72 and a beta of 1.25.

Institutional Trading of First Trust Expanded Technology ETF

Hedge funds and other 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 third quarter valued at $38,000. Advisory Services Network LLC bought a new stake in First Trust Expanded Technology ETF in the 3rd quarter worth about $45,000. Raymond James Financial Inc. purchased a new position in First Trust Expanded Technology ETF in the 2nd quarter worth about $71,000. International Assets Investment Management LLC bought a new position in First Trust Expanded Technology ETF during the 4th quarter valued at about $103,000. Finally, Newbridge Financial Services Group Inc. bought a new position in First Trust Expanded Technology ETF during the 2nd quarter valued at about $117,000.

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.