First Trust Nasdaq Bank ETF (NASDAQ:FTXO) Short Interest Up 132.2% in January

First Trust Nasdaq Bank ETF (NASDAQ:FTXO) was the recipient of a significant increase in short interest in the month of January. As of January 15th, there was short interest totaling 48,329 shares, an increase of 132.2% from the December 31st total of 20,813 shares. Currently, 0.7% of the shares of the company 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 shares of the company are sold short.

First Trust Nasdaq Bank ETF Trading Up 0.1%

FTXO traded up $0.03 during trading on Friday, reaching $38.62. 38,323 shares of the company were exchanged, compared to its average volume of 65,391. The stock has a market cap of $272.27 million, a P/E ratio of 11.56 and a beta of 0.97. First Trust Nasdaq Bank ETF has a 52 week low of $25.05 and a 52 week high of $39.65. The firm has a 50 day moving average of $37.81 and a 200 day moving average of $35.82.

First Trust Nasdaq Bank ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a dividend of $0.228 per share. This represents a $0.91 dividend on an annualized basis and a dividend 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 of this dividend was Friday, December 12th.

Institutional Trading of First Trust Nasdaq Bank ETF

Several large investors have recently added to or reduced their stakes in the business. Flow Traders U.S. LLC bought a new position in shares of First Trust Nasdaq Bank ETF in the second quarter worth $1,984,000. Bank of America Corp DE increased its stake in First Trust Nasdaq Bank ETF by 29.6% during the 3rd quarter. Bank of America Corp DE now owns 204,787 shares of the company’s stock valued at $7,292,000 after buying an additional 46,736 shares during the period. Raymond James Financial Inc. raised its position in shares of First Trust Nasdaq Bank ETF by 22.6% during the 3rd quarter. Raymond James Financial Inc. now owns 198,974 shares of the company’s stock worth $7,085,000 after buying an additional 36,648 shares in the last quarter. Assetmark Inc. lifted its stake in shares of First Trust Nasdaq Bank ETF by 22.0% in the 2nd quarter. Assetmark Inc. now owns 141,526 shares of the company’s stock worth $4,675,000 after acquiring an additional 25,477 shares during the period. Finally, Holistic Financial Partners bought a new position in shares of First Trust Nasdaq Bank ETF in the fourth quarter valued at approximately $957,000.

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.