First Trust Expanded Technology ETF (NYSEARCA:XPND) Short Interest Up 70.8% in July

First Trust Expanded Technology ETF (NYSEARCA:XPND) was the target of a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 2,243 shares, a growth of 70.8% from the June 30th total of 1,313 shares. Based on an average daily trading volume, of 5,657 shares, the short-interest ratio is presently 0.4 days. Approximately 0.2% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Ferguson Shapiro LLC grew its stake 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 worth $17,418,000 after purchasing an additional 56,962 shares during the period. Integrated Wealth Concepts LLC grew its holdings in First Trust Expanded Technology ETF by 9.5% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 154,647 shares of the company’s stock valued at $5,612,000 after buying an additional 13,381 shares during the last quarter. HighTower Advisors LLC boosted its stake in shares of First Trust Expanded Technology ETF by 18.4% during the fourth quarter. HighTower Advisors LLC now owns 35,861 shares of the company’s stock valued at $1,295,000 after acquiring an additional 5,569 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of First Trust Expanded Technology ETF by 26.1% during the third quarter. Envestnet Asset Management Inc. now owns 11,969 shares of the company’s stock worth $434,000 after buying an additional 2,478 shares in the last quarter. Finally, Sanctuary Advisors LLC grew its stake in First Trust Expanded Technology ETF by 8.9% in the 1st quarter. Sanctuary Advisors LLC now owns 10,579 shares of the company’s stock worth $347,000 after acquiring an additional 869 shares during the period.

First Trust Expanded Technology ETF Trading Up 3.3%

First Trust Expanded Technology ETF stock opened at $37.48 on Friday. The stock has a 50 day moving average of $39.83 and a two-hundred day moving average of $36.91. First Trust Expanded Technology ETF has a twelve month low of $31.65 and a twelve month high of $42.34. The stock has a market capitalization of $37.48 million, a price-to-earnings ratio of 32.72 and a beta of 1.26.

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.