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

First Trust Nasdaq Bank ETF (NASDAQ:FTXO) was the target of a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 41,625 shares, an increase of 1,667.5% from the July 30th total of 2,355 shares. Currently, 0.6% of the company’s shares are sold short. Based on an average daily volume of 65,429 shares, the short-interest ratio is presently 0.6 days.

Institutional Trading of First Trust Nasdaq Bank ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. Comerica Bank bought a new position in shares of First Trust Nasdaq Bank ETF in the first quarter worth about $28,000. NewEdge Advisors LLC lifted its holdings in First Trust Nasdaq Bank ETF by 784.3% during the 1st quarter. NewEdge Advisors LLC now owns 21,074 shares of the company’s stock valued at $641,000 after buying an additional 18,691 shares in the last quarter. Benjamin Edwards Inc. lifted its holdings in First Trust Nasdaq Bank ETF by 21.6% during the 2nd quarter. Benjamin Edwards Inc. now owns 45,491 shares of the company’s stock valued at $1,503,000 after buying an additional 8,070 shares in the last quarter. Great Valley Advisor Group Inc. boosted its position in First Trust Nasdaq Bank ETF by 4.2% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 9,479 shares of the company’s stock valued at $313,000 after buying an additional 380 shares during the period. Finally, Tower Research Capital LLC TRC boosted its position in First Trust Nasdaq Bank ETF by 602.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 13,397 shares of the company’s stock valued at $443,000 after buying an additional 11,490 shares during the period.

First Trust Nasdaq Bank ETF Stock Performance

FTXO opened at $41.90 on Wednesday. The stock’s 50 day moving average price is $42.23 and its 200-day moving average price is $39.49. First Trust Nasdaq Bank ETF has a one year low of $32.90 and a one year high of $44.12. The stock has a market cap of $303.77 million, a price-to-earnings ratio of 11.56 and a beta of 0.89.

First Trust Nasdaq Bank ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a $0.2572 dividend. This is a boost from First Trust Nasdaq Bank ETF’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.03 annualized dividend and a yield of 2.5%.

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.