First Trust Expanded Technology ETF (NYSEARCA:XPND) Short Interest Update

First Trust Expanded Technology ETF (NYSEARCA:XPND) saw a large drop in short interest in the month of April. As of April 30th, there was short interest totaling 4,112 shares, a drop of 46.1% from the April 15th total of 7,625 shares. Based on an average trading volume of 2,546 shares, the short-interest ratio is currently 1.6 days. Approximately 0.4% of the company’s stock are sold short.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Arkadios Wealth Advisors lifted its position in First Trust Expanded Technology ETF by 3.9% during the 4th quarter. Arkadios Wealth Advisors now owns 9,721 shares of the company’s stock valued at $351,000 after acquiring an additional 368 shares during the period. Clear Creek Financial Management LLC lifted its position in First Trust Expanded Technology ETF by 2.9% during the 3rd quarter. Clear Creek Financial Management LLC now owns 14,125 shares of the company’s stock valued at $513,000 after acquiring an additional 400 shares during the period. Foundations Investment Advisors LLC lifted its position in First Trust Expanded Technology ETF by 4.9% during the 4th quarter. Foundations Investment Advisors LLC now owns 10,422 shares of the company’s stock valued at $376,000 after acquiring an additional 490 shares during the period. Kestra Private Wealth Services LLC lifted its position in First Trust Expanded Technology ETF by 6.8% during the 3rd quarter. Kestra Private Wealth Services LLC now owns 8,562 shares of the company’s stock valued at $311,000 after acquiring an additional 545 shares during the period. Finally, &PARTNERS lifted its position in First Trust Expanded Technology ETF by 5.7% during the 4th quarter. &PARTNERS now owns 10,159 shares of the company’s stock valued at $367,000 after acquiring an additional 550 shares during the period.

First Trust Expanded Technology ETF Price Performance

NYSEARCA XPND traded down $0.10 during trading hours on Monday, reaching $38.69. 1,924 shares of the company’s stock traded hands, compared to its average volume of 10,377. First Trust Expanded Technology ETF has a 52-week low of $30.70 and a 52-week high of $39.28. The firm has a market cap of $38.69 million, a PE ratio of 32.72 and a beta of 1.25. The firm has a 50-day simple moving average of $35.37 and a 200 day simple moving average of $35.65.

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.