First Trust Nasdaq Bank ETF (NASDAQ:FTXO) Short Interest Update

First Trust Nasdaq Bank ETF (NASDAQ:FTXO) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 3,600 shares, an increase of 3,500.0% from the September 30th total of 100 shares. Based on an average daily trading volume, of 18,500 shares, the short-interest ratio is currently 0.2 days.

First Trust Nasdaq Bank ETF Trading Down 1.6 %

FTXO stock opened at $30.14 on Friday. First Trust Nasdaq Bank ETF has a 1-year low of $18.96 and a 1-year high of $31.29. The business’s 50 day simple moving average is $29.24 and its 200 day simple moving average is $27.73. The firm has a market capitalization of $102.48 million, a PE ratio of 10.77 and a beta of 1.11.

First Trust Nasdaq Bank ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.1796 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.72 annualized dividend and a dividend yield of 2.38%.

Hedge Funds Weigh In On First Trust Nasdaq Bank ETF

Large investors have recently modified their holdings of the stock. PFG Advisors raised its holdings in First Trust Nasdaq Bank ETF by 130.1% in the 1st quarter. PFG Advisors now owns 31,479 shares of the company’s stock valued at $854,000 after acquiring an additional 17,800 shares during the period. Cetera Advisors LLC lifted its holdings in First Trust Nasdaq Bank ETF by 62.5% during the 1st quarter. Cetera Advisors LLC now owns 28,473 shares of the company’s stock worth $773,000 after purchasing an additional 10,949 shares during the last quarter. International Assets Investment Management LLC bought a new stake in First Trust Nasdaq Bank ETF in the 2nd quarter valued at $98,000. Larson Financial Group LLC grew its holdings in First Trust Nasdaq Bank ETF by 575.3% in the 2nd quarter. Larson Financial Group LLC now owns 1,337 shares of the company’s stock valued at $35,000 after buying an additional 1,139 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new position in First Trust Nasdaq Bank ETF during the 2nd quarter worth $48,000.

First Trust Nasdaq Bank ETF Company Profile

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.