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

First Trust Expanded Technology ETF (NYSEARCA:XPND) saw a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 2,002 shares, a drop of 40.6% from the May 14th total of 3,370 shares. Based on an average daily trading volume, of 2,051 shares, the days-to-cover ratio is presently 1.0 days. Approximately 0.2% of the shares of the company are short sold.

First Trust Expanded Technology ETF Stock Down 2.3%

Shares of NYSEARCA:XPND traded down $0.96 during trading on Tuesday, hitting $40.51. 32,155 shares of the stock traded hands, compared to its average volume of 9,304. The company has a market cap of $40.51 million, a price-to-earnings ratio of 32.72 and a beta of 1.26. The company has a fifty day moving average price of $38.14 and a two-hundred day moving average price of $36.18. First Trust Expanded Technology ETF has a 52-week low of $31.65 and a 52-week high of $42.34.

Hedge Funds Weigh In On First Trust Expanded Technology ETF

Several institutional investors have recently made changes to their positions in the company. 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 valued at $347,000 after purchasing an additional 869 shares in the last quarter. Ferguson Shapiro LLC increased its holdings in shares of First Trust Expanded Technology ETF by 12.0% during the 1st quarter. Ferguson Shapiro LLC now owns 530,624 shares of the company’s stock valued at $17,418,000 after purchasing an additional 56,962 shares in the last quarter. Cetera Investment Advisers purchased a new position in shares of First Trust Expanded Technology ETF during the 4th quarter valued at approximately $241,000. &PARTNERS increased 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 valued at $367,000 after purchasing an additional 550 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in shares of First Trust Expanded Technology ETF during the 4th quarter valued at approximately $147,000.

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.