First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Sees Significant Decrease in Short Interest

First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) was the recipient of a significant decline in short interest in June. As of June 15th, there was short interest totalling 2,600 shares, a decline of 85.0% from the May 31st total of 17,300 shares. Based on an average daily trading volume, of 37,700 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On First Trust Nasdaq Semiconductor ETF

Several hedge funds have recently modified their holdings of FTXL. Turtle Creek Wealth Advisors LLC purchased a new position in shares of First Trust Nasdaq Semiconductor ETF in the fourth quarter worth $37,000. Comerica Bank raised its stake in First Trust Nasdaq Semiconductor ETF by 30.5% during the first quarter. Comerica Bank now owns 1,754 shares of the company’s stock valued at $159,000 after purchasing an additional 410 shares in the last quarter. Founders Financial Alliance LLC raised its stake in First Trust Nasdaq Semiconductor ETF by 9.8% during the fourth quarter. Founders Financial Alliance LLC now owns 2,010 shares of the company’s stock valued at $164,000 after purchasing an additional 179 shares in the last quarter. B. Riley Wealth Advisors Inc. purchased a new stake in First Trust Nasdaq Semiconductor ETF during the fourth quarter valued at $231,000. Finally, Private Advisor Group LLC purchased a new stake in First Trust Nasdaq Semiconductor ETF during the fourth quarter valued at $234,000.

First Trust Nasdaq Semiconductor ETF Price Performance

Shares of FTXL stock traded down $0.29 during mid-day trading on Thursday, hitting $98.59. The company had a trading volume of 21,219 shares, compared to its average volume of 80,174. First Trust Nasdaq Semiconductor ETF has a 52-week low of $61.62 and a 52-week high of $105.03. The stock’s 50 day moving average price is $93.18 and its 200-day moving average price is $87.53. The company has a market capitalization of $1.58 billion, a P/E ratio of 24.77 and a beta of 1.29.

First Trust Nasdaq Semiconductor ETF Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 27th will be issued a $0.1248 dividend. The ex-dividend date of this dividend is Thursday, June 27th. This is an increase from First Trust Nasdaq Semiconductor ETF’s previous dividend of $0.08.

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.