First Trust Expanded Technology ETF (NYSEARCA:XPND) Short Interest Down 95.2% in March

First Trust Expanded Technology ETF (NYSEARCA:XPND) was the recipient of a significant decline in short interest in the month of March. As of March 13th, there was short interest totaling 126 shares, a decline of 95.2% from the February 26th total of 2,628 shares. Based on an average trading volume of 5,596 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold. Currently, 0.0% of the shares of the company are short sold. Based on an average trading volume of 5,596 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of First Trust Expanded Technology ETF

Several large investors have recently modified their holdings of the company. Cetera Investment Advisers purchased a new position in shares of First Trust Expanded Technology ETF during the 4th quarter worth $241,000. &PARTNERS increased its stake in shares of First Trust Expanded Technology ETF by 5.7% in the 4th quarter. &PARTNERS now owns 10,159 shares of the company’s stock worth $367,000 after purchasing an additional 550 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in shares of First Trust Expanded Technology ETF in the 4th quarter worth $147,000. Arkadios Wealth Advisors raised its holdings in First Trust Expanded Technology ETF by 3.9% in the 4th quarter. Arkadios Wealth Advisors now owns 9,721 shares of the company’s stock worth $351,000 after purchasing an additional 368 shares during the period. Finally, Foundations Investment Advisors LLC raised its holdings in First Trust Expanded Technology ETF by 4.9% in the 4th quarter. Foundations Investment Advisors LLC now owns 10,422 shares of the company’s stock worth $376,000 after purchasing an additional 490 shares during the period.

First Trust Expanded Technology ETF Stock Performance

Shares of XPND traded down $0.23 during mid-day trading on Tuesday, hitting $33.58. 5,533 shares of the company traded hands, compared to its average volume of 5,610. The stock has a market cap of $50.37 million, a price-to-earnings ratio of 32.72 and a beta of 1.25. The stock has a 50-day moving average price of $34.58 and a two-hundred day moving average price of $35.78. First Trust Expanded Technology ETF has a 1 year low of $24.15 and a 1 year high of $38.47.

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.