First Trust Nasdaq Retail ETF (NASDAQ:FTXD) Sees Large Growth in Short Interest

First Trust Nasdaq Retail ETF (NASDAQ:FTXD) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 3,100 shares, an increase of 138.5% from the December 15th total of 1,300 shares. Based on an average daily volume of 10,400 shares, the short-interest ratio is presently 0.3 days.

Shares of FTXD opened at $34.24 on Friday. First Trust Nasdaq Retail ETF has a 12 month low of $28.07 and a 12 month high of $39.01. The stock has a fifty day moving average price of $36.36 and a 200-day moving average price of $35.39.

The company also recently announced a quarterly dividend, which was paid on Friday, December 31st. Investors of record on Monday, December 27th were given a $0.035 dividend. This represents a $0.14 annualized dividend and a dividend yield of 0.41%. The ex-dividend date of this dividend was Thursday, December 23rd.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in FTXD. Laffer Tengler Investments increased its position in shares of First Trust Nasdaq Retail ETF by 25.3% in the 2nd quarter. Laffer Tengler Investments now owns 4,218 shares of the company’s stock valued at $143,000 after acquiring an additional 851 shares during the period. Synovus Financial Corp increased its position in shares of First Trust Nasdaq Retail ETF by 3.4% in the 3rd quarter. Synovus Financial Corp now owns 9,333 shares of the company’s stock valued at $319,000 after acquiring an additional 306 shares during the period. CMC Financial Group acquired a new position in shares of First Trust Nasdaq Retail ETF in the 2nd quarter valued at $323,000. Flow Traders U.S. LLC acquired a new position in shares of First Trust Nasdaq Retail ETF in the 3rd quarter valued at $402,000. Finally, Envestnet Asset Management Inc. increased its position in shares of First Trust Nasdaq Retail ETF by 5.1% in the 2nd quarter. Envestnet Asset Management Inc. now owns 15,697 shares of the company’s stock valued at $534,000 after acquiring an additional 766 shares during the period.

Further Reading: Golden Cross

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