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

First Trust Nasdaq Bank ETF (NASDAQ:FTXO) was the target of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 100 shares, a decline of 97.2% from the October 15th total of 3,600 shares. Based on an average trading volume of 17,900 shares, the short-interest ratio is presently 0.0 days.

Institutional Trading of First Trust Nasdaq Bank ETF

Institutional investors have recently made changes to their positions in the company. Larson Financial Group LLC increased its stake in First Trust Nasdaq Bank ETF by 575.3% during the second quarter. Larson Financial Group LLC now owns 1,337 shares of the company’s stock worth $35,000 after acquiring an additional 1,139 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of First Trust Nasdaq Bank ETF during the 2nd quarter worth about $48,000. International Assets Investment Management LLC purchased a new stake in First Trust Nasdaq Bank ETF in the 2nd quarter valued at about $98,000. Tyler Stone Wealth Management lifted its position in First Trust Nasdaq Bank ETF by 68.1% in the third quarter. Tyler Stone Wealth Management now owns 7,882 shares of the company’s stock valued at $229,000 after buying an additional 3,193 shares during the last quarter. Finally, Cetera Advisors LLC boosted its stake in First Trust Nasdaq Bank ETF by 62.5% during the first quarter. Cetera Advisors LLC now owns 28,473 shares of the company’s stock worth $773,000 after buying an additional 10,949 shares during the period.

First Trust Nasdaq Bank ETF Trading Down 0.2 %

Shares of FTXO opened at $33.98 on Wednesday. First Trust Nasdaq Bank ETF has a 12-month low of $20.27 and a 12-month high of $34.35. The firm has a market capitalization of $115.53 million, a P/E ratio of 10.77 and a beta of 1.11. The firm has a 50-day moving average price of $29.90 and a 200 day moving average price of $28.27.

First Trust Nasdaq Bank ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a $0.1796 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.72 annualized dividend and a dividend yield of 2.11%.

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.