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

First Trust Nasdaq Bank ETF (NASDAQ:FTXO) was the target of a significant drop in short interest in the month of December. As of December 15th, there was short interest totaling 30,501 shares, a drop of 76.1% from the November 30th total of 127,391 shares. Based on an average daily trading volume, of 38,583 shares, the short-interest ratio is currently 0.8 days. Currently, 0.4% of the company’s shares are short sold. Currently, 0.4% of the company’s shares are short sold. Based on an average daily trading volume, of 38,583 shares, the short-interest ratio is currently 0.8 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in FTXO. Comerica Bank purchased a new stake in First Trust Nasdaq Bank ETF during the 1st quarter worth approximately $28,000. Rossby Financial LCC grew its stake in shares of First Trust Nasdaq Bank ETF by 148.6% in the third quarter. Rossby Financial LCC now owns 865 shares of the company’s stock worth $30,000 after acquiring an additional 517 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in shares of First Trust Nasdaq Bank ETF during the third quarter worth $37,000. Steward Partners Investment Advisory LLC raised its stake in shares of First Trust Nasdaq Bank ETF by 136.0% in the second quarter. Steward Partners Investment Advisory LLC now owns 1,378 shares of the company’s stock valued at $46,000 after acquiring an additional 794 shares in the last quarter. Finally, Global Retirement Partners LLC purchased a new position in First Trust Nasdaq Bank ETF in the second quarter valued at $212,000.

First Trust Nasdaq Bank ETF Price Performance

Shares of FTXO stock traded down $0.22 on Friday, hitting $38.60. The stock had a trading volume of 17,871 shares, compared to its average volume of 53,666. The company’s 50 day moving average price is $35.75 and its 200-day moving average price is $34.80. First Trust Nasdaq Bank ETF has a 1 year low of $25.05 and a 1 year high of $38.91. The firm has a market capitalization of $268.24 million, a P/E ratio of 11.56 and a beta of 0.97.

First Trust Nasdaq Bank ETF Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be paid a dividend of $0.228 per share. This represents a $0.91 dividend on an annualized basis and a yield of 2.4%. This is a boost from First Trust Nasdaq Bank ETF’s previous quarterly dividend of $0.17. The ex-dividend date is Friday, December 12th.

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.