First Trust Expanded Technology ETF (NYSEARCA:XPND) Short Interest Down 94.8% in August

First Trust Expanded Technology ETF (NYSEARCA:XPND) saw a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 251 shares, a drop of 94.8% from the July 30th total of 4,802 shares. Based on an average daily volume of 3,776 shares, the days-to-cover ratio is presently 0.1 days. Approximately 0.0% of the shares of the company are sold short.

Hedge Funds Weigh In On First Trust Expanded Technology ETF

A number of institutional investors and hedge funds have recently bought and sold shares of XPND. Concurrent Investment Advisors LLC acquired a new position in First Trust Expanded Technology ETF during the 2nd quarter valued at $245,000. Sanctuary Advisors LLC increased its holdings in shares of 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 purchasing an additional 869 shares during the period. Ferguson Shapiro LLC raised its holdings in First Trust Expanded Technology ETF by 12.0% in the 1st quarter. Ferguson Shapiro LLC now owns 530,624 shares of the company’s stock valued at $17,418,000 after acquiring an additional 56,962 shares in the last quarter. Cetera Investment Advisers acquired a new position in shares of First Trust Expanded Technology ETF in the fourth quarter valued at $241,000. Finally, &PARTNERS lifted its holdings in shares of First Trust Expanded Technology ETF by 5.7% during the 4th quarter. &PARTNERS now owns 10,159 shares of the company’s stock worth $367,000 after acquiring an additional 550 shares during the period.

First Trust Expanded Technology ETF Stock Performance

Shares of First Trust Expanded Technology ETF stock remained flat at $39.06 during trading on Wednesday. The stock had a trading volume of 4,704 shares, compared to its average volume of 7,798. The stock has a 50 day moving average price of $39.48 and a two-hundred day moving average price of $37.41. The company has a market cap of $39.06 million, a price-to-earnings ratio of 32.72 and a beta of 1.27. First Trust Expanded Technology ETF has a twelve month low of $31.65 and a twelve month high of $42.34.

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.