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

First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) saw a large increase in short interest in the month of November. As of November 30th, there was short interest totalling 14,900 shares, an increase of 17.3% from the November 15th total of 12,700 shares. Based on an average trading volume of 31,500 shares, the days-to-cover ratio is presently 0.5 days.

First Trust Nasdaq Semiconductor ETF Price Performance

NASDAQ:FTXL traded up $2.21 during midday trading on Monday, hitting $92.37. The company’s stock had a trading volume of 147,164 shares, compared to its average volume of 132,245. First Trust Nasdaq Semiconductor ETF has a fifty-two week low of $75.62 and a fifty-two week high of $107.74. The firm has a market cap of $1.42 billion, a P/E ratio of 24.77 and a beta of 1.29. The firm’s 50 day moving average is $90.72 and its 200-day moving average is $93.22.

First Trust Nasdaq Semiconductor ETF Increases Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a dividend of $0.1657 per share. The ex-dividend date is Friday, December 13th. This is a boost from First Trust Nasdaq Semiconductor ETF’s previous dividend of $0.12.

Institutional Investors Weigh In On First Trust Nasdaq Semiconductor ETF

Several hedge funds have recently added to or reduced their stakes in the business. FMR LLC boosted its position in First Trust Nasdaq Semiconductor ETF by 81.1% in the 3rd quarter. FMR LLC now owns 326 shares of the company’s stock worth $30,000 after purchasing an additional 146 shares in the last quarter. International Assets Investment Management LLC purchased a new stake in First Trust Nasdaq Semiconductor ETF during the second quarter worth $51,000. Wilmington Savings Fund Society FSB acquired a new stake in First Trust Nasdaq Semiconductor ETF during the third quarter valued at $49,000. GAMMA Investing LLC purchased a new position in First Trust Nasdaq Semiconductor ETF in the third quarter valued at $54,000. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of First Trust Nasdaq Semiconductor ETF by 24.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 940 shares of the company’s stock worth $94,000 after acquiring an additional 185 shares during the period.

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.