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

First Trust Nasdaq Bank ETF (NASDAQ:FTXO) was the target of a large growth in short interest in January. As of January 15th, there was short interest totaling 48,329 shares, a growth of 132.2% from the December 31st total of 20,813 shares. Currently, 0.7% of the company’s stock are sold short. Based on an average daily volume of 77,953 shares, the days-to-cover ratio is currently 0.6 days. Based on an average daily volume of 77,953 shares, the days-to-cover ratio is currently 0.6 days. Currently, 0.7% of the company’s stock are sold short.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Rossby Financial LCC grew its holdings in First Trust Nasdaq Bank ETF by 148.6% in the 3rd quarter. Rossby Financial LCC now owns 865 shares of the company’s stock valued at $30,000 after buying an additional 517 shares during the last quarter. Comerica Bank bought a new position in shares of First Trust Nasdaq Bank ETF during the 1st quarter worth about $28,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of First Trust Nasdaq Bank ETF during the fourth quarter valued at about $37,000. JPMorgan Chase & Co. acquired a new position in shares of First Trust Nasdaq Bank ETF during the third quarter valued at about $37,000. Finally, Steward Partners Investment Advisory LLC lifted 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 buying an additional 794 shares during the period.

First Trust Nasdaq Bank ETF Trading Up 0.8%

First Trust Nasdaq Bank ETF stock traded up $0.32 during mid-day trading on Thursday, hitting $38.26. 18,410 shares of the company’s stock were exchanged, compared to its average volume of 64,903. First Trust Nasdaq Bank ETF has a 1-year low of $25.05 and a 1-year high of $39.65. The stock has a 50 day moving average of $37.64 and a two-hundred day moving average of $35.76. The stock has a market cap of $269.75 million, a P/E ratio of 11.56 and a beta of 0.97.

First Trust Nasdaq Bank ETF Increases Dividend

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

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.