Short Interest in First Trust Nasdaq Bank ETF (NASDAQ:FTXO) Rises By 969.1%

First Trust Nasdaq Bank ETF (NASDAQ:FTXO) was the target of a significant increase in short interest in December. As of December 31st, there was short interest totalling 176,400 shares, an increase of 969.1% from the December 15th total of 16,500 shares. Based on an average daily trading volume, of 72,000 shares, the days-to-cover ratio is presently 2.5 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Jane Street Group LLC acquired a new stake in First Trust Nasdaq Bank ETF in the 3rd quarter valued at about $271,000. Janney Montgomery Scott LLC increased its holdings in shares of First Trust Nasdaq Bank ETF by 2.9% in the third quarter. Janney Montgomery Scott LLC now owns 77,319 shares of the company’s stock valued at $2,248,000 after purchasing an additional 2,144 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new position in First Trust Nasdaq Bank ETF in the 2nd quarter worth approximately $48,000. D.A. Davidson & CO. lifted its holdings in First Trust Nasdaq Bank ETF by 7.9% during the 3rd quarter. D.A. Davidson & CO. now owns 8,154 shares of the company’s stock worth $237,000 after buying an additional 600 shares in the last quarter. Finally, Wagner Wealth Management LLC boosted its position in First Trust Nasdaq Bank ETF by 0.6% in the 3rd quarter. Wagner Wealth Management LLC now owns 167,065 shares of the company’s stock valued at $4,858,000 after buying an additional 915 shares during the last quarter.

First Trust Nasdaq Bank ETF Stock Up 2.5 %

FTXO traded up $0.83 during trading on Wednesday, reaching $33.49. 10,483 shares of the company’s stock were exchanged, compared to its average volume of 100,054. The business has a 50 day moving average price of $33.22 and a 200 day moving average price of $30.40. First Trust Nasdaq Bank ETF has a fifty-two week low of $23.61 and a fifty-two week high of $35.58. The company has a market capitalization of $210.99 million, a P/E ratio of 10.77 and a beta of 1.11.

First Trust Nasdaq Bank ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a $0.1864 dividend. The ex-dividend date of this dividend was Friday, December 13th.

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.