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 significant increase in short interest during the month of November. As of November 15th, there was short interest totalling 12,700 shares, an increase of 101.6% from the October 31st total of 6,300 shares. Based on an average daily volume of 32,000 shares, the days-to-cover ratio is currently 0.4 days.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. FMR LLC raised its stake in shares of 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 acquiring an additional 146 shares during the last quarter. International Assets Investment Management LLC purchased a new stake in First Trust Nasdaq Semiconductor ETF in the 2nd quarter worth approximately $51,000. Wilmington Savings Fund Society FSB bought a new stake in shares of First Trust Nasdaq Semiconductor ETF in the 3rd quarter worth approximately $49,000. GAMMA Investing LLC purchased a new position 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 holdings 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 acquiring an additional 185 shares in the last quarter.

First Trust Nasdaq Semiconductor ETF Stock Performance

FTXL traded up $1.36 during trading on Friday, reaching $88.46. The stock had a trading volume of 6,384 shares, compared to its average volume of 61,496. The stock has a market cap of $1.36 billion, a PE ratio of 24.77 and a beta of 1.29. First Trust Nasdaq Semiconductor ETF has a one year low of $71.23 and a one year high of $107.74. The business has a 50-day moving average of $91.39 and a 200-day moving average of $93.55.

First Trust Nasdaq Semiconductor ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a dividend of $0.1017 per share. The ex-dividend date was Thursday, September 26th. This represents a $0.41 dividend on an annualized basis and a dividend yield of 0.46%.

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.