First Trust Nasdaq Bank ETF (NASDAQ:FTXO) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 1,614 shares, a decline of 100.0% from the September 28th total of 4,700,076 shares. Based on an average daily trading volume, of 734,807 shares, the short-interest ratio is presently 0.0 days.

Shares of FTXO stock opened at $25.08 on Monday. First Trust Nasdaq Bank ETF has a 1 year low of $24.63 and a 1 year high of $32.44.

Hedge funds have recently modified their holdings of the stock. Intl Fcstone Inc. lifted its stake in First Trust Nasdaq Bank ETF by 14.7% during the second quarter. Intl Fcstone Inc. now owns 20,886 shares of the company’s stock worth $595,000 after purchasing an additional 2,682 shares during the last quarter. Commonwealth Equity Services LLC lifted its stake in First Trust Nasdaq Bank ETF by 13.2% during the second quarter. Commonwealth Equity Services LLC now owns 24,998 shares of the company’s stock worth $712,000 after purchasing an additional 2,922 shares during the last quarter. SPC Financial Inc. lifted its stake in First Trust Nasdaq Bank ETF by 5.1% during the second quarter. SPC Financial Inc. now owns 60,205 shares of the company’s stock worth $1,715,000 after purchasing an additional 2,942 shares during the last quarter. Financial Advocates Investment Management lifted its stake in First Trust Nasdaq Bank ETF by 37.9% during the second quarter. Financial Advocates Investment Management now owns 17,880 shares of the company’s stock worth $514,000 after purchasing an additional 4,911 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its stake in First Trust Nasdaq Bank ETF by 23.4% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 28,502 shares of the company’s stock worth $812,000 after purchasing an additional 5,407 shares during the last quarter.

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