Short Interest in First Trust Expanded Technology ETF (NYSEARCA:XPND) Decreases By 23.1%

First Trust Expanded Technology ETF (NYSEARCA:XPND) was the target of a large decrease in short interest during the month of January. As of January 30th, there was short interest totaling 3,403 shares, a decrease of 23.1% from the January 15th total of 4,426 shares. Based on an average daily trading volume, of 6,901 shares, the short-interest ratio is presently 0.5 days. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 6,901 shares, the short-interest ratio is presently 0.5 days.

Institutional Investors Weigh In On First Trust Expanded Technology ETF

Large investors have recently made changes to their positions in the company. IFP Advisors Inc acquired a new stake in First Trust Expanded Technology ETF in the 3rd quarter valued at approximately $38,000. Advisory Services Network LLC bought a new position in shares of First Trust Expanded Technology ETF in the third quarter worth $45,000. Raymond James Financial Inc. acquired a new position in shares of First Trust Expanded Technology ETF during the second quarter valued at $71,000. International Assets Investment Management LLC bought a new stake in shares of First Trust Expanded Technology ETF during the fourth quarter valued at about $103,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of First Trust Expanded Technology ETF during the second quarter valued at about $117,000.

First Trust Expanded Technology ETF Price Performance

NYSEARCA:XPND traded down $0.01 during midday trading on Tuesday, reaching $34.06. 6,630 shares of the company traded hands, compared to its average volume of 5,458. First Trust Expanded Technology ETF has a twelve month low of $24.15 and a twelve month high of $38.47. The company has a fifty day moving average price of $35.76 and a 200 day moving average price of $35.77. The firm has a market capitalization of $51.09 million, a price-to-earnings ratio of 32.72 and a beta of 1.25.

First Trust Expanded Technology ETF Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a $0.0127 dividend. The ex-dividend date was Friday, December 12th. This represents a $0.05 annualized dividend and a yield of 0.1%.

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.