Short Interest in First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Rises By 17.3%

First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) saw a significant 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 daily trading volume, of 31,500 shares, the days-to-cover ratio is currently 0.5 days.

First Trust Nasdaq Semiconductor ETF Stock Up 2.1 %

Shares of First Trust Nasdaq Semiconductor ETF stock traded up $1.88 during trading on Monday, hitting $92.04. The stock had a trading volume of 132,251 shares, compared to its average volume of 132,195. The stock has a 50 day simple moving average of $90.72 and a 200 day simple moving average of $93.22. First Trust Nasdaq Semiconductor ETF has a 1 year low of $75.62 and a 1 year high of $107.74. The company has a market capitalization of $1.41 billion, a PE ratio of 24.77 and a beta of 1.29.

First Trust Nasdaq Semiconductor ETF Increases Dividend

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

Institutional Investors Weigh In On First Trust Nasdaq Semiconductor ETF

Several hedge funds have recently bought and sold shares of the business. Brookstone Capital Management purchased a new stake in shares of First Trust Nasdaq Semiconductor ETF in the second quarter worth approximately $269,000. International Assets Investment Management LLC purchased a new stake in First Trust Nasdaq Semiconductor ETF in the 2nd quarter worth approximately $51,000. Independent Advisor Alliance boosted its stake in shares of First Trust Nasdaq Semiconductor ETF by 5.2% during the 3rd quarter. Independent Advisor Alliance now owns 29,972 shares of the company’s stock valued at $2,796,000 after buying an additional 1,495 shares during the period. Comerica Bank grew its holdings in shares of First Trust Nasdaq Semiconductor ETF by 30.5% during the 1st quarter. Comerica Bank now owns 1,754 shares of the company’s stock valued at $159,000 after acquiring an additional 410 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake 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 last quarter.

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.