First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Short Interest Down 46.2% in June

First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) was the recipient of a large drop in short interest during the month of June. As of June 30th, there was short interest totalling 1,400 shares, a drop of 46.2% from the June 15th total of 2,600 shares. Based on an average trading volume of 36,600 shares, the short-interest ratio is presently 0.0 days.

First Trust Nasdaq Semiconductor ETF Stock Performance

FTXL traded up $1.51 during trading on Friday, hitting $104.92. 32,066 shares of the stock were exchanged, compared to its average volume of 76,164. The firm has a 50 day simple moving average of $97.22 and a 200 day simple moving average of $89.33. The firm has a market cap of $1.67 billion, a price-to-earnings ratio of 24.77 and a beta of 1.29. First Trust Nasdaq Semiconductor ETF has a 1 year low of $61.62 and a 1 year high of $107.74.

First Trust Nasdaq Semiconductor ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were issued a $0.1248 dividend. 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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Bright Futures Wealth Management LLC. purchased a new position in First Trust Nasdaq Semiconductor ETF during the 1st quarter worth $317,000. Cetera Advisors LLC grew its stake in First Trust Nasdaq Semiconductor ETF by 99.9% during the 1st quarter. Cetera Advisors LLC now owns 19,119 shares of the company’s stock worth $1,731,000 after buying an additional 9,557 shares during the last quarter. Cetera Investment Advisers grew its stake in First Trust Nasdaq Semiconductor ETF by 170.4% during the 1st quarter. Cetera Investment Advisers now owns 29,674 shares of the company’s stock worth $2,687,000 after buying an additional 18,700 shares during the last quarter. Comerica Bank grew 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 buying an additional 410 shares during the last quarter. Finally, Atomi Financial Group Inc. grew its stake in First Trust Nasdaq Semiconductor ETF by 4.6% during the 1st quarter. Atomi Financial Group Inc. now owns 6,284 shares of the company’s stock worth $569,000 after buying an additional 276 shares during the last quarter.

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.