First Trust Nasdaq Bank ETF (NASDAQ:FTXO) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 35,300 shares, a drop of 78.7% from the December 15th total of 166,000 shares. Based on an average daily volume of 54,400 shares, the days-to-cover ratio is presently 0.6 days.
NASDAQ:FTXO traded up $0.44 during mid-day trading on Thursday, hitting $27.25. The stock had a trading volume of 4,264 shares, compared to its average volume of 137,195. The company has a 50 day simple moving average of $23.89 and a 200-day simple moving average of $21.28. First Trust Nasdaq Bank ETF has a 52 week low of $13.37 and a 52 week high of $27.94.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 31st. Investors of record on Monday, December 28th were given a $0.176 dividend. The ex-dividend date was Thursday, December 24th. This is an increase from First Trust Nasdaq Bank ETF’s previous quarterly dividend of $0.15. This represents a $0.70 annualized dividend and a yield of 2.58%.
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