First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Sees Large Growth in Short Interest

First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) was the recipient of a large growth in short interest during the month of March. As of March 15th, there was short interest totalling 28,300 shares, a growth of 363.9% from the February 29th total of 6,100 shares. Based on an average daily volume of 119,500 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of First Trust Nasdaq Semiconductor ETF

Several institutional investors have recently added to or reduced their stakes in FTXL. Turtle Creek Wealth Advisors LLC acquired a new position in First Trust Nasdaq Semiconductor ETF during the fourth quarter worth $37,000. Guardian Wealth Advisors LLC NC acquired a new position in First Trust Nasdaq Semiconductor ETF during the 4th quarter worth about $44,000. Comerica Bank purchased a new position in First Trust Nasdaq Semiconductor ETF during the 3rd quarter valued at about $80,000. Credit Suisse AG acquired a new position in First Trust Nasdaq Semiconductor ETF in the 2nd quarter valued at about $69,000. Finally, Steward Partners Investment Advisory LLC increased its stake in First Trust Nasdaq Semiconductor ETF by 724.9% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,427 shares of the company’s stock worth $116,000 after purchasing an additional 1,254 shares during the period.

First Trust Nasdaq Semiconductor ETF Price Performance

NASDAQ FTXL opened at $90.54 on Friday. The stock has a market capitalization of $1.41 billion, a P/E ratio of 19.68 and a beta of 1.29. The firm’s 50-day moving average is $86.52 and its two-hundred day moving average is $76.97. First Trust Nasdaq Semiconductor ETF has a 12 month low of $57.43 and a 12 month high of $95.48.

First Trust Nasdaq Semiconductor ETF Announces Dividend

The business also recently disclosed a dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were issued a $0.0767 dividend. The ex-dividend date of this dividend was Thursday, March 21st.

About First Trust Nasdaq Semiconductor ETF

The First Trust Nasdaq Semiconductor ETF (FTXL) is an exchange-traded fund that is based on the Nasdaq US Smart Semiconductor index. The fund tracks an index of the most liquid US semiconductor companies, weighted according to factors related to value, volatility and growth. FTXL was launched on Sep 20, 2016 and is managed by First Trust.