First Trust Nasdaq Bank ETF (NASDAQ:FTXO) Short Interest Up 278.0% in April

First Trust Nasdaq Bank ETF (NASDAQ:FTXO) saw a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 25,191 shares, an increase of 278.0% from the April 15th total of 6,665 shares. Based on an average trading volume of 123,210 shares, the short-interest ratio is currently 0.2 days. Approximately 0.3% of the shares of the stock are sold short.

First Trust Nasdaq Bank ETF Price Performance

Shares of FTXO stock traded down $0.25 during midday trading on Friday, reaching $37.00. 107,080 shares of the company traded hands, compared to its average volume of 859,323. The firm’s 50 day simple moving average is $37.21 and its two-hundred day simple moving average is $37.38. First Trust Nasdaq Bank ETF has a 1-year low of $30.08 and a 1-year high of $41.57. The firm has a market cap of $312.65 million, a PE ratio of 11.56 and a beta of 0.92.

First Trust Nasdaq Bank ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a $0.0735 dividend. This represents a $0.29 annualized dividend and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, March 26th.

Hedge Funds Weigh In On First Trust Nasdaq Bank ETF

A number of hedge funds have recently made changes to their positions in the stock. Oppenheimer & Co. Inc. acquired a new position in shares of First Trust Nasdaq Bank ETF during the 4th quarter valued at $4,465,000. Park Avenue Securities LLC acquired a new position in shares of First Trust Nasdaq Bank ETF during the 3rd quarter valued at $774,000. Holistic Financial Partners acquired a new position in First Trust Nasdaq Bank ETF in the 4th quarter worth $957,000. NBC Securities Inc. lifted its holdings in First Trust Nasdaq Bank ETF by 22.5% in the 4th quarter. NBC Securities Inc. now owns 1,636 shares of the company’s stock worth $62,000 after buying an additional 301 shares in the last quarter. Finally, Thurston Springer Miller Herd & Titak Inc. acquired a new position in First Trust Nasdaq Bank ETF in the 4th quarter worth $37,000.

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.