First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Short Interest Up 17.3% in November

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

First Trust Nasdaq Semiconductor ETF Trading Up 1.6 %

Shares of FTXL stock traded up $1.45 during mid-day trading on Monday, reaching $91.61. The stock had a trading volume of 90,865 shares, compared to its average volume of 132,028. First Trust Nasdaq Semiconductor ETF has a 1-year low of $75.62 and a 1-year high of $107.74. The firm has a market cap of $1.41 billion, a price-to-earnings ratio of 24.77 and a beta of 1.29. The business’s fifty 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 declared a dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.1657 dividend. The ex-dividend date of this dividend is Friday, December 13th. This is an increase from First Trust Nasdaq Semiconductor ETF’s previous dividend of $0.12.

Institutional Trading of First Trust Nasdaq Semiconductor ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Benjamin Edwards Inc. increased its stake in shares of First Trust Nasdaq Semiconductor ETF by 11,762.7% in the third quarter. Benjamin Edwards Inc. now owns 150,656 shares of the company’s stock worth $14,067,000 after acquiring an additional 149,386 shares during the period. Claro Advisors LLC grew its position in 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 period. Proactive Wealth Strategies LLC purchased a new position in shares of First Trust Nasdaq Semiconductor ETF during the 3rd quarter valued at about $2,484,000. Secure Asset Management LLC acquired a new position in shares of First Trust Nasdaq Semiconductor ETF in the 2nd quarter valued at about $1,043,000. Finally, Tudor Financial Inc. purchased a new stake in First Trust Nasdaq Semiconductor ETF in the 3rd quarter worth approximately $955,000.

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.