First Trust Nasdaq Bank ETF (NASDAQ:FTXO) Short Interest Down 32.4% in January

First Trust Nasdaq Bank ETF (NASDAQ:FTXO) was the target of a large drop in short interest during the month of January. As of January 30th, there was short interest totaling 32,691 shares, a drop of 32.4% from the January 15th total of 48,329 shares. Based on an average trading volume of 52,445 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.5% of the company’s shares are short sold. Approximately 0.5% of the company’s shares are short sold. Based on an average trading volume of 52,445 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Trading of First Trust Nasdaq Bank ETF

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rossby Financial LCC lifted its holdings in First Trust Nasdaq Bank ETF by 148.6% in the third quarter. Rossby Financial LCC now owns 865 shares of the company’s stock valued at $30,000 after acquiring an additional 517 shares during the last quarter. Comerica Bank acquired a new position in shares of First Trust Nasdaq Bank ETF in the 1st quarter valued at $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of First Trust Nasdaq Bank ETF in the 4th quarter valued at $37,000. JPMorgan Chase & Co. purchased a new position in shares of First Trust Nasdaq Bank ETF during the 3rd quarter worth $37,000. Finally, Steward Partners Investment Advisory LLC increased its position in shares of First Trust Nasdaq Bank ETF by 136.0% during the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,378 shares of the company’s stock worth $46,000 after purchasing an additional 794 shares during the last quarter.

First Trust Nasdaq Bank ETF Stock Performance

Shares of FTXO stock traded up $0.04 on Friday, hitting $39.07. 69,492 shares of the stock traded hands, compared to its average volume of 64,083. First Trust Nasdaq Bank ETF has a twelve month low of $25.05 and a twelve month high of $41.57. The firm’s 50-day moving average price is $38.67 and its two-hundred day moving average price is $36.21. The stock has a market capitalization of $273.49 million, a PE ratio of 11.56 and a beta of 0.97.

First Trust Nasdaq Bank ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a $0.228 dividend. This represents a $0.91 annualized dividend and a yield of 2.3%. The ex-dividend date was Friday, December 12th. This is a positive change from First Trust Nasdaq Bank ETF’s previous quarterly dividend of $0.17.

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.