First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Short Interest Down 46.2% in June

First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) saw a large decrease in short interest in June. As of June 30th, there was short interest totalling 1,400 shares, a decrease of 46.2% from the June 15th total of 2,600 shares. Based on an average daily trading volume, of 36,600 shares, the days-to-cover ratio is presently 0.0 days.

First Trust Nasdaq Semiconductor ETF Stock Performance

Shares of First Trust Nasdaq Semiconductor ETF stock traded up $1.51 during midday trading on Friday, reaching $104.92. 32,066 shares of the company’s stock traded hands, compared to its average volume of 76,164. The company has a market cap of $1.67 billion, a price-to-earnings ratio of 24.77 and a beta of 1.29. The company’s 50 day simple moving average is $97.22 and its 200 day simple moving average is $89.33. First Trust Nasdaq Semiconductor ETF has a 52 week low of $61.62 and a 52 week high of $107.74.

First Trust Nasdaq Semiconductor ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, June 28th. Stockholders of record on Thursday, June 27th were issued a dividend of $0.1248 per share. The ex-dividend date was Thursday, June 27th. This is an increase from First Trust Nasdaq Semiconductor ETF’s previous dividend of $0.08.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of FTXL. Wells Fargo & Company MN raised its holdings in First Trust Nasdaq Semiconductor ETF by 58.2% in the 4th quarter. Wells Fargo & Company MN now owns 353,807 shares of the company’s stock worth $28,846,000 after acquiring an additional 130,183 shares during the period. Nilsine Partners LLC grew its position in First Trust Nasdaq Semiconductor ETF by 62.8% in the 1st quarter. Nilsine Partners LLC now owns 181,826 shares of the company’s stock worth $16,463,000 after purchasing an additional 70,163 shares during the last quarter. Janney Montgomery Scott LLC grew its position in First Trust Nasdaq Semiconductor ETF by 25.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 76,626 shares of the company’s stock worth $6,938,000 after purchasing an additional 15,662 shares during the last quarter. Oppenheimer & Co. Inc. grew its position in First Trust Nasdaq Semiconductor ETF by 41.4% in the 1st quarter. Oppenheimer & Co. Inc. now owns 76,392 shares of the company’s stock worth $6,917,000 after purchasing an additional 22,377 shares during the last quarter. Finally, Gateway Advisory LLC acquired a new stake in First Trust Nasdaq Semiconductor ETF in the 4th quarter worth $4,972,000.

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.