First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Short Interest Update

First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) saw a significant increase in short interest during the month of January. As of January 15th, there was short interest totalling 463,400 shares, an increase of 1,863.6% from the December 31st total of 23,600 shares. Based on an average daily trading volume, of 317,700 shares, the days-to-cover ratio is presently 1.5 days.

Hedge Funds Weigh In On First Trust Nasdaq Semiconductor ETF

Large investors have recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in First Trust Nasdaq Semiconductor ETF by 81.1% during the third quarter. FMR LLC now owns 326 shares of the company’s stock valued at $30,000 after purchasing an additional 146 shares in the last quarter. Spire Wealth Management purchased a new position in First Trust Nasdaq Semiconductor ETF during the fourth quarter valued at approximately $42,000. Wilmington Savings Fund Society FSB purchased a new position in First Trust Nasdaq Semiconductor ETF during the third quarter valued at approximately $49,000. GAMMA Investing LLC bought a new stake in shares of First Trust Nasdaq Semiconductor ETF during the third quarter valued at approximately $54,000. Finally, Northwestern Mutual Wealth Management Co. raised 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 last quarter.

First Trust Nasdaq Semiconductor ETF Trading Up 0.0 %

FTXL opened at $86.76 on Thursday. First Trust Nasdaq Semiconductor ETF has a 12-month low of $78.34 and a 12-month high of $107.74. The company has a market cap of $321.01 million, a price-to-earnings ratio of 24.77 and a beta of 1.29. The company’s 50 day moving average is $89.60 and its 200 day moving average is $90.93.

First Trust Nasdaq Semiconductor ETF Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a dividend of $0.1657 per share. The ex-dividend date was Friday, December 13th. This is an increase from First Trust Nasdaq Semiconductor ETF’s previous dividend of $0.12.

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.