First Trust Nasdaq Retail ETF (NASDAQ:FTXD) Sees Large Increase in Short Interest

First Trust Nasdaq Retail ETF (NASDAQ:FTXD) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 5,600 shares, a growth of 833.3% from the August 15th total of 600 shares. Based on an average trading volume of 10,000 shares, the days-to-cover ratio is presently 0.6 days.

FTXD stock opened at $34.89 on Wednesday. First Trust Nasdaq Retail ETF has a twelve month low of $25.39 and a twelve month high of $36.72. The business has a 50 day simple moving average of $34.67 and a 200-day simple moving average of $33.02.

Hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN increased its holdings in First Trust Nasdaq Retail ETF by 111.2% in the second quarter. Wells Fargo & Company MN now owns 21,230 shares of the company’s stock valued at $722,000 after purchasing an additional 11,178 shares during the period. Laffer Tengler Investments boosted its position in shares of First Trust Nasdaq Retail ETF by 25.3% during the second quarter. Laffer Tengler Investments now owns 4,218 shares of the company’s stock worth $143,000 after acquiring an additional 851 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in shares of First Trust Nasdaq Retail ETF by 115.6% during the second quarter. Goldman Sachs Group Inc. now owns 26,953 shares of the company’s stock worth $917,000 after acquiring an additional 14,452 shares during the last quarter. CMC Financial Group bought a new position in shares of First Trust Nasdaq Retail ETF during the second quarter worth $323,000. Finally, Envestnet Asset Management Inc. boosted its position in shares of First Trust Nasdaq Retail ETF by 5.1% during the second quarter. Envestnet Asset Management Inc. now owns 15,697 shares of the company’s stock worth $534,000 after acquiring an additional 766 shares during the last quarter.

Featured Story: Trade Deficit

Receive News & Ratings for First Trust Nasdaq Retail ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Nasdaq Retail ETF and related companies with MarketBeat.com's FREE daily email newsletter.