Short Interest in First Trust Nasdaq Bank ETF (NASDAQ:FTXO) Increases By 1,350.0%

First Trust Nasdaq Bank ETF (NASDAQ:FTXO) 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

Several institutional investors have recently bought and sold shares of the business. Cetera Advisors LLC boosted its stake in shares of First Trust Nasdaq Bank ETF by 62.5% in the first quarter. Cetera Advisors LLC now owns 28,473 shares of the company’s stock valued at $773,000 after purchasing an additional 10,949 shares during the period. Principal Securities Inc. purchased a new position in shares of First Trust Nasdaq Bank ETF in the fourth quarter valued at $33,000. UBS Group AG boosted its stake in shares of First Trust Nasdaq Bank ETF by 150.4% in the fourth quarter. UBS Group AG now owns 323,259 shares of the company’s stock valued at $8,166,000 after purchasing an additional 194,180 shares during the period. D.A. Davidson & CO. purchased a new position in shares of First Trust Nasdaq Bank ETF in the fourth quarter valued at $217,000. Finally, International Assets Investment Management LLC bought a new position in First Trust Nasdaq Bank ETF during the 4th quarter valued at $1,409,000.

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.