Short Interest in First Trust Nasdaq Bank ETF (NASDAQ:FTXO) Declines By 65.3%

First Trust Nasdaq Bank ETF (NASDAQ:FTXO) was the recipient of a large decrease in short interest in July. As of July 31st, there was short interest totaling 2,355 shares, a decrease of 65.3% from the July 15th total of 6,786 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 79,785 shares, the short-interest ratio is presently 0.0 days.

Institutional Trading of First Trust Nasdaq Bank ETF

Large investors have recently made changes to their positions in the company. Oppenheimer & Co. Inc. acquired a new position in shares of First Trust Nasdaq Bank ETF during the fourth quarter worth approximately $4,465,000. NewEdge Advisors LLC grew its position in First Trust Nasdaq Bank ETF by 66.3% in the 1st quarter. NewEdge Advisors LLC now owns 135,378 shares of the company’s stock valued at $4,897,000 after purchasing an additional 53,971 shares during the period. Beto Financial Group LLC bought a new stake in First Trust Nasdaq Bank ETF during the 4th quarter valued at $526,000. World Investment Advisors raised its holdings in First Trust Nasdaq Bank ETF by 47.0% during the first quarter. World Investment Advisors now owns 51,789 shares of the company’s stock worth $1,873,000 after buying an additional 16,561 shares during the last quarter. Finally, Puff Wealth Management LLC acquired a new position in First Trust Nasdaq Bank ETF during the second quarter worth $786,000.

First Trust Nasdaq Bank ETF Price Performance

Shares of NASDAQ:FTXO traded up $0.14 during mid-day trading on Friday, hitting $43.80. The company had a trading volume of 31,309 shares, compared to its average volume of 551,762. The firm has a fifty day moving average price of $41.85 and a 200 day moving average price of $39.29. The company has a market capitalization of $317.55 million, a PE ratio of 11.56 and a beta of 0.89. First Trust Nasdaq Bank ETF has a one year low of $32.90 and a one year high of $43.99.

First Trust Nasdaq Bank ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.2572 dividend. This represents a $1.03 annualized dividend and a yield of 2.3%. This is an increase from First Trust Nasdaq Bank ETF’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Thursday, June 25th.

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.