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 trading volume of 32,000 shares, the days-to-cover ratio is presently 0.4 days.

Hedge Funds Weigh In On First Trust Nasdaq Semiconductor ETF

A number of large investors have recently bought and sold shares of the company. Benjamin Edwards Inc. grew its holdings in shares of First Trust Nasdaq Semiconductor ETF by 11,762.7% in the 3rd quarter. Benjamin Edwards Inc. now owns 150,656 shares of the company’s stock valued at $14,067,000 after acquiring an additional 149,386 shares in the last quarter. Claro Advisors LLC increased its position in shares of First Trust Nasdaq Semiconductor ETF by 2,290.5% during the 3rd quarter. Claro Advisors LLC now owns 76,617 shares of the company’s stock worth $7,147,000 after purchasing an additional 73,412 shares during the last quarter. Proactive Wealth Strategies LLC bought a new stake in shares of First Trust Nasdaq Semiconductor ETF during the 3rd quarter worth approximately $2,484,000. Cetera Investment Advisers boosted its holdings in shares of First Trust Nasdaq Semiconductor ETF by 170.4% in the 1st quarter. Cetera Investment Advisers now owns 29,674 shares of the company’s stock valued at $2,687,000 after buying an additional 18,700 shares during the last quarter. Finally, Secure Asset Management LLC bought a new position in shares of First Trust Nasdaq Semiconductor ETF in the second quarter valued at $1,043,000.

First Trust Nasdaq Semiconductor ETF Price Performance

Shares of FTXL traded up $1.36 during midday trading on Friday, hitting $88.46. The stock had a trading volume of 6,384 shares, compared to its average volume of 61,496. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 24.77 and a beta of 1.29. The company has a 50 day simple moving average of $91.39 and a two-hundred day simple moving average of $93.55. First Trust Nasdaq Semiconductor ETF has a twelve month low of $71.23 and a twelve month high of $107.74.

First Trust Nasdaq Semiconductor ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a $0.1017 dividend. This represents a $0.41 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date of this dividend was Thursday, September 26th.

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.