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

First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) was the target of a large growth in short interest in November. As of November 15th, there was short interest totalling 12,700 shares, a growth of 101.6% from the October 31st total of 6,300 shares. Based on an average daily trading volume, of 32,000 shares, the short-interest ratio is currently 0.4 days.

Institutional Trading of First Trust Nasdaq Semiconductor ETF

A number of institutional investors have recently bought and sold shares of the stock. FMR LLC raised its stake in shares of First Trust Nasdaq Semiconductor ETF by 81.1% in the third quarter. FMR LLC now owns 326 shares of the company’s stock valued at $30,000 after acquiring an additional 146 shares during the period. Wilmington Savings Fund Society FSB bought a new position in First Trust Nasdaq Semiconductor ETF during the 3rd quarter valued at about $49,000. International Assets Investment Management LLC purchased a new stake in First Trust Nasdaq Semiconductor ETF in the 2nd quarter worth about $51,000. GAMMA Investing LLC bought a new stake in First Trust Nasdaq Semiconductor ETF in the third quarter worth about $54,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of First Trust Nasdaq Semiconductor ETF by 24.5% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 940 shares of the company’s stock valued at $94,000 after buying an additional 185 shares during the period.

First Trust Nasdaq Semiconductor ETF Stock Up 1.6 %

NASDAQ FTXL traded up $1.36 during trading hours on Friday, hitting $88.46. 6,384 shares of the company were exchanged, compared to its average volume of 61,496. The stock has a market cap of $1.36 billion, a PE ratio of 24.77 and a beta of 1.29. First Trust Nasdaq Semiconductor ETF has a 52 week low of $71.23 and a 52 week high of $107.74. The stock has a 50-day moving average price of $91.39 and a 200 day moving average price of $93.55.

First Trust Nasdaq Semiconductor ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a dividend of $0.1017 per share. The ex-dividend date was Thursday, September 26th. This represents a $0.41 annualized dividend and a yield of 0.46%.

First Trust Nasdaq Semiconductor ETF Company Profile

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.