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

First Trust Nasdaq Bank ETF (NASDAQ:FTXO) was the target of a large drop in short interest in March. As of March 13th, there was short interest totaling 150,397 shares, a drop of 84.4% from the February 26th total of 961,921 shares. Based on an average daily volume of 494,361 shares, the short-interest ratio is currently 0.3 days. Approximately 2.1% of the shares of the stock are short sold. Approximately 2.1% of the shares of the stock are short sold. Based on an average daily volume of 494,361 shares, the short-interest ratio is currently 0.3 days.

Hedge Funds Weigh In On First Trust Nasdaq Bank ETF

A number of institutional investors have recently made changes to their positions in the stock. Comerica Bank purchased a new stake in shares of First Trust Nasdaq Bank ETF in the first quarter valued at $28,000. NewEdge Advisors LLC raised its stake in First Trust Nasdaq Bank ETF by 784.3% in the 1st quarter. NewEdge Advisors LLC now owns 21,074 shares of the company’s stock valued at $641,000 after purchasing an additional 18,691 shares during the last quarter. Cetera Investment Advisers raised its stake in First Trust Nasdaq Bank ETF by 11.9% in the 2nd quarter. Cetera Investment Advisers now owns 148,399 shares of the company’s stock valued at $4,902,000 after purchasing an additional 15,829 shares during the last quarter. Global Retirement Partners LLC purchased a new position in First Trust Nasdaq Bank ETF in the 2nd quarter valued at about $212,000. Finally, Steward Partners Investment Advisory LLC lifted its holdings in First Trust Nasdaq Bank ETF by 136.0% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,378 shares of the company’s stock valued at $46,000 after purchasing an additional 794 shares in the last quarter.

First Trust Nasdaq Bank ETF Stock Performance

FTXO stock traded up $0.42 on Tuesday, reaching $35.87. The company had a trading volume of 239,430 shares, compared to its average volume of 856,451. First Trust Nasdaq Bank ETF has a 1 year low of $25.05 and a 1 year high of $41.57. The company’s fifty day moving average is $37.96 and its 200 day moving average is $36.69. The company has a market cap of $251.09 million, a P/E ratio of 11.56 and a beta of 0.97.

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.