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

First Trust Nasdaq Bank ETF (NASDAQ:FTXO) was the target of a large drop in short interest in December. As of December 15th, there was short interest totalling 16,500 shares, a drop of 72.6% from the November 30th total of 60,200 shares. Based on an average trading volume of 47,600 shares, the days-to-cover ratio is presently 0.3 days.

First Trust Nasdaq Bank ETF Stock Up 0.6 %

FTXO stock traded up $0.18 during mid-day trading on Thursday, reaching $32.36. 8,613 shares of the company traded hands, compared to its average volume of 37,029. The firm’s 50 day moving average price is $32.81 and its 200 day moving average price is $29.76. The stock has a market cap of $110.02 million, a price-to-earnings ratio of 10.77 and a beta of 1.11. First Trust Nasdaq Bank ETF has a fifty-two week low of $23.61 and a fifty-two week high of $35.58.

First Trust Nasdaq Bank ETF Cuts Dividend

The business also recently announced a dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.1864 per share. The ex-dividend date of this dividend is Friday, December 13th.

Institutional Investors Weigh In On First Trust Nasdaq Bank ETF

A number of institutional investors and hedge funds have recently bought and sold shares of FTXO. Wagner Wealth Management LLC boosted its holdings in First Trust Nasdaq Bank ETF by 0.6% during the 3rd quarter. Wagner Wealth Management LLC now owns 167,065 shares of the company’s stock worth $4,858,000 after acquiring an additional 915 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in First Trust Nasdaq Bank ETF by 2.9% during the third quarter. Janney Montgomery Scott LLC now owns 77,319 shares of the company’s stock worth $2,248,000 after purchasing an additional 2,144 shares during the last quarter. PFG Advisors grew its position in First Trust Nasdaq Bank ETF by 21.6% in the 2nd quarter. PFG Advisors now owns 38,288 shares of the company’s stock worth $1,016,000 after purchasing an additional 6,809 shares in the last quarter. Jane Street Group LLC bought a new stake in First Trust Nasdaq Bank ETF in the 3rd quarter worth about $271,000. Finally, D.A. Davidson & CO. increased its stake in First Trust Nasdaq Bank ETF by 7.9% in the 3rd quarter. D.A. Davidson & CO. now owns 8,154 shares of the company’s stock valued at $237,000 after buying an additional 600 shares during the last quarter.

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.