First Trust Nasdaq Bank ETF (NASDAQ:FTXO – Get Free Report) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 2,900 shares, an increase of 1,350.0% from the July 15th total of 200 shares. Based on an average daily volume of 27,200 shares, the days-to-cover ratio is presently 0.1 days.
First Trust Nasdaq Bank ETF Price Performance
FTXO stock traded down $0.14 on Monday, hitting $27.16. 4,636 shares of the company were exchanged, compared to its average volume of 37,502. First Trust Nasdaq Bank ETF has a twelve month low of $18.94 and a twelve month high of $30.06. The business’s fifty day moving average is $27.19 and its two-hundred day moving average is $26.38. The stock has a market capitalization of $103.21 million, a price-to-earnings ratio of 10.77 and a beta of 1.11.
First Trust Nasdaq Bank ETF Increases Dividend
The business also recently declared a dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were given a dividend of $0.2216 per share. This is a positive change from First Trust Nasdaq Bank ETF’s previous dividend of $0.11. The ex-dividend date was Thursday, June 27th.
Institutional Investors Weigh In On First Trust Nasdaq Bank ETF
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.
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