First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Short Interest Up 101.6% in November

First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) saw a large increase in short interest in 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 presently 0.4 days.

First Trust Nasdaq Semiconductor ETF Stock Performance

NASDAQ:FTXL traded down $1.29 during trading hours on Thursday, reaching $87.10. The company’s stock had a trading volume of 18,877 shares, compared to its average volume of 61,736. The firm has a 50-day simple moving average of $91.52 and a 200-day simple moving average of $93.59. First Trust Nasdaq Semiconductor ETF has a 1 year low of $71.23 and a 1 year high of $107.74. The firm has a market capitalization of $1.34 billion, a price-to-earnings ratio of 24.77 and a beta of 1.29.

First Trust Nasdaq Semiconductor ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a $0.1017 dividend. This represents a $0.41 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend was Thursday, September 26th.

Hedge Funds Weigh In On First Trust Nasdaq Semiconductor ETF

Several hedge funds and other institutional investors have recently modified their holdings of FTXL. Benjamin Edwards Inc. increased its position in shares of First Trust Nasdaq Semiconductor ETF by 11,762.7% during the third quarter. Benjamin Edwards Inc. now owns 150,656 shares of the company’s stock valued at $14,067,000 after buying an additional 149,386 shares during the period. Claro Advisors LLC boosted its stake in First Trust Nasdaq Semiconductor ETF by 2,290.5% during the third quarter. Claro Advisors LLC now owns 76,617 shares of the company’s stock worth $7,147,000 after acquiring an additional 73,412 shares in the last quarter. Proactive Wealth Strategies LLC bought a new stake in First Trust Nasdaq Semiconductor ETF during the third quarter worth about $2,484,000. Cetera Investment Advisers boosted its stake in First Trust Nasdaq Semiconductor ETF by 170.4% during the first quarter. Cetera Investment Advisers now owns 29,674 shares of the company’s stock worth $2,687,000 after acquiring an additional 18,700 shares in the last quarter. Finally, Secure Asset Management LLC bought a new stake in First Trust Nasdaq Semiconductor ETF during the second quarter worth about $1,043,000.

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.