First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) Sees Significant Increase in Short Interest

First Trust Nasdaq Semiconductor ETF (NASDAQ:FTXL) was the recipient of a significant growth in short interest in September. As of September 15th, there was short interest totalling 6,100 shares, a growth of 144.0% from the August 31st total of 2,500 shares. Based on an average daily volume of 48,700 shares, the short-interest ratio is currently 0.1 days.

Institutional Investors Weigh In On First Trust Nasdaq Semiconductor ETF

Several large investors have recently made changes to their positions in the stock. Bank of New York Mellon Corp increased its position in shares of First Trust Nasdaq Semiconductor ETF by 2.2% during the second quarter. Bank of New York Mellon Corp now owns 5,345 shares of the company’s stock worth $534,000 after acquiring an additional 114 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its position 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 worth $94,000 after acquiring an additional 185 shares in the last quarter. Stegent Equity Advisors Inc. increased its position in shares of First Trust Nasdaq Semiconductor ETF by 1.2% during the second quarter. Stegent Equity Advisors Inc. now owns 20,666 shares of the company’s stock worth $2,064,000 after acquiring an additional 237 shares in the last quarter. Gateway Advisory LLC increased its position in shares of First Trust Nasdaq Semiconductor ETF by 0.4% during the second quarter. Gateway Advisory LLC now owns 64,357 shares of the company’s stock worth $6,427,000 after acquiring an additional 238 shares in the last quarter. Finally, Kesler Norman & Wride LLC increased its position in shares of First Trust Nasdaq Semiconductor ETF by 7.7% during the first quarter. Kesler Norman & Wride LLC now owns 3,784 shares of the company’s stock worth $343,000 after acquiring an additional 269 shares in the last quarter.

First Trust Nasdaq Semiconductor ETF Stock Performance

Shares of NASDAQ:FTXL opened at $94.04 on Friday. First Trust Nasdaq Semiconductor ETF has a 52 week low of $61.62 and a 52 week high of $107.74. The company has a market capitalization of $1.50 billion, a PE ratio of 24.77 and a beta of 1.29. The company has a 50 day moving average price of $90.50 and a two-hundred day moving average price of $92.43.

First Trust Nasdaq Semiconductor ETF Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Thursday, September 26th will be paid a $0.1017 dividend. This represents a $0.41 annualized dividend and a yield of 0.43%. The ex-dividend date of this dividend is Thursday, September 26th.

First Trust Nasdaq Semiconductor ETF Company Profile

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.