First Trust Expanded Technology ETF (NYSEARCA:XPND) Stock Short Interest Jumps 805.5%

First Trust Expanded Technology ETF (NYSEARCA:XPND) was the target of a large growth in short interest in the month of October. As of October 15th, there was short interest totaling 2,472 shares, a growth of 805.5% from the September 30th total of 273 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 8,024 shares, the days-to-cover ratio is currently 0.3 days.

First Trust Expanded Technology ETF Stock Performance

Shares of NYSEARCA:XPND opened at $39.04 on Thursday. The company’s fifty day moving average is $39.35 and its 200-day moving average is $37.69. First Trust Expanded Technology ETF has a 52 week low of $31.65 and a 52 week high of $42.34. The company has a market capitalization of $39.04 million, a PE ratio of 32.72 and a beta of 1.26.

Institutional Trading of First Trust Expanded Technology ETF

Several hedge funds have recently modified their holdings of the company. Concurrent Investment Advisors LLC bought a new position in shares of First Trust Expanded Technology ETF in the second quarter valued at about $245,000. Sanctuary Advisors LLC lifted its position in First Trust Expanded Technology ETF by 8.9% during the 1st quarter. Sanctuary Advisors LLC now owns 10,579 shares of the company’s stock worth $347,000 after buying an additional 869 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in First Trust Expanded Technology ETF by 2.0% during the 2nd quarter. Envestnet Asset Management Inc. now owns 13,407 shares of the company’s stock worth $561,000 after buying an additional 263 shares in the last quarter. Bullseye Investment Management LLC acquired a new position in First Trust Expanded Technology ETF during the 2nd quarter worth about $759,000. Finally, Citadel Advisors LLC grew its holdings in First Trust Expanded Technology ETF by 51.5% during the 2nd quarter. Citadel Advisors LLC now owns 23,441 shares of the company’s stock worth $981,000 after acquiring an additional 7,965 shares during the last quarter.

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.