First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Sees Significant Drop in Short Interest
2,500 shares, a drop of 60.0% from the March 15th total of 6,200 shares. Based on an average daily volume of 20,500 shares, the short-interest ratio is presently 0.1 days. The number of shares shorted in the First Trust Nasdaq Semiconductor ETF dropped significantly in the month of March.
( ) saw a dramatic drop in short interest during the month of march. On March 31, there were 26,400 shorted shares. This is a 7.7% drop from the total of 28,600 on March 15. The short-interest rate is currently 0.1 days based on a daily average trading volume of 334700 shares.
Hedge Funds weigh in on First Trust Nasdaq Semiconductor ETF
Recently, large investors have changed their positions. Stegent Equity Advisors Inc. increased its holdings of First Trust Nasdaq Semiconductor ETF shares by 224.2% in the fourth quarter. Stegent Equity Advisors Inc. owns 38.473 shares worth $2,046,000, after buying an additional 26.605 shares in the last quarter. Flow Traders US LLC increased its holdings of First Trust Nasdaq Semiconductor ETF shares by 14.3% in the third quarter. After purchasing 1,980 additional shares in the last quarter, Flow Traders US LLC now owns 15,780 of the company’s stock worth $769,000. LPL Financial LLC increased its holdings of First Trust Nasdaq Semiconductor ETF shares by 102.1% in the fourth quarter. LPL Financial LLC owns 166.902 shares worth $8.874,000, after buying 84.317 additional shares in the last quarter. Benjamin F. Edwards & Company Inc. increased its holdings of First Trust Nasdaq Semiconductor ETF shares by 4.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. owns 46 848 shares worth $2 491,000, after buying 1,806 additional shares in the last quarter. Kestra Advisory Services LLC increased its holdings of First Trust Nasdaq Semiconductor ETF shares by 2.0% during the fourth quarter. On Friday, the stock fell $0.41 to $60.69. The company's trading volume was 44,823 compared to the average of 294,454. First Trust Nasdaq Semiconductor ETF's 52-week low is $44.95 while its 52-week highest is $64.89. The stock's fifty-day moving average is $62.38, and its 200-day moving average is $61.26. The company has a $961.94-million market capitalization, a P/E of 16.00, and a beta value of 1.29.
First Trust Nasdaq semi-conductor ETF cuts dividend
A quarterly dividend was also announced by the firm and paid out on March 31st. Dividends of $0.089 were paid to stockholders who had their shares in the company's records on Monday, 27th March. This dividend became payable on Friday, March 24, 2019. This is a $0.36 dividend annualized and a dividend rate of 0.59%.
First Trust Nasdaq Semiconductor ETF Company profile
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First Trust Nasdaq Semiconductor ETF is a exchange-traded funds that is based upon the Nasdaq US Smart Semiconductor Index. The fund tracks a list of the most liquid US Semiconductor companies. It is weighted based on factors such as value, volatility, and growth. FTXL launched on September 20, 2016, and is managed First Trust.
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