Short Interest in First Trust Nasdaq Bank ETF (NASDAQ:FTXO) Expands By 200.0%

First Trust Nasdaq Bank ETF (NASDAQ:FTXO) was the recipient of a significant growth in short interest in June. As of June 30th, there was short interest totalling 300 shares, a growth of 200.0% from the June 15th total of 100 shares. Based on an average daily volume of 22,900 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On First Trust Nasdaq Bank ETF

Institutional investors have recently modified their holdings of the business. Secure Asset Management LLC raised its holdings in First Trust Nasdaq Bank ETF by 64.2% during the 4th quarter. Secure Asset Management LLC now owns 434,708 shares of the company’s stock worth $10,981,000 after buying an additional 170,041 shares during the period. Principal Securities Inc. acquired a new stake in shares of First Trust Nasdaq Bank ETF during the fourth quarter worth $33,000. UBS Group AG lifted its position in First Trust Nasdaq Bank ETF by 150.4% in the 4th quarter. UBS Group AG now owns 323,259 shares of the company’s stock valued at $8,166,000 after acquiring an additional 194,180 shares in the last quarter. PFG Advisors acquired a new position in First Trust Nasdaq Bank ETF in the 4th quarter worth $346,000. Finally, D.A. Davidson & CO. bought a new position in First Trust Nasdaq Bank ETF during the 4th quarter worth about $217,000.

First Trust Nasdaq Bank ETF Stock Down 0.6 %

First Trust Nasdaq Bank ETF stock traded down $0.17 during mid-day trading on Friday, hitting $27.61. 19,659 shares of the company’s stock were exchanged, compared to its average volume of 38,570. The company’s 50 day simple moving average is $26.55 and its 200-day simple moving average is $25.87. The firm has a market capitalization of $103.54 million, a P/E ratio of 10.77 and a beta of 1.11. First Trust Nasdaq Bank ETF has a fifty-two week low of $18.94 and a fifty-two week high of $27.84.

First Trust Nasdaq Bank ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were issued a $0.2216 dividend. This is an increase from First Trust Nasdaq Bank ETF’s previous dividend of $0.11. The ex-dividend date was Thursday, June 27th.

About First Trust Nasdaq Bank ETF

The First Trust Nasdaq Bank ETF (FTXO) is an exchange-traded fund that is based on the NASDAQ US Banks index. The fund tracks an index composed of the most liquid US banking companies. Holdings are selected by their liquidity, and weighted based on volatility, value, and growth factors. FTXO was launched on Sep 20, 2016 and is managed by First Trust.