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

First Trust Nasdaq Bank ETF (NASDAQ:FTXO) was the recipient of a large decrease in short interest in the month of January. As of January 30th, there was short interest totaling 32,691 shares, a decrease of 32.4% from the January 15th total of 48,329 shares. Currently, 0.5% of the company’s stock are short sold. Based on an average daily volume of 52,445 shares, the short-interest ratio is presently 0.6 days. Based on an average daily volume of 52,445 shares, the short-interest ratio is presently 0.6 days. Currently, 0.5% of the company’s stock are short sold.

Institutional Trading of First Trust Nasdaq Bank ETF

Institutional investors have recently made changes to their positions in the business. Comerica Bank acquired a new position in First Trust Nasdaq Bank ETF during the first quarter worth $28,000. NewEdge Advisors LLC lifted its position in First Trust Nasdaq Bank ETF by 784.3% during the 1st quarter. NewEdge Advisors LLC now owns 21,074 shares of the company’s stock worth $641,000 after buying an additional 18,691 shares in the last quarter. Harbour Investments Inc. boosted its stake in shares of First Trust Nasdaq Bank ETF by 4.8% during the 2nd quarter. Harbour Investments Inc. now owns 10,762 shares of the company’s stock worth $355,000 after buying an additional 491 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of First Trust Nasdaq Bank ETF by 0.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 360,429 shares of the company’s stock valued at $11,905,000 after acquiring an additional 3,205 shares in the last quarter. Finally, World Investment Advisors increased its position in shares of First Trust Nasdaq Bank ETF by 19.6% in the second quarter. World Investment Advisors now owns 37,450 shares of the company’s stock valued at $1,237,000 after acquiring an additional 6,142 shares during the last quarter.

First Trust Nasdaq Bank ETF Price Performance

Shares of First Trust Nasdaq Bank ETF stock opened at $39.07 on Monday. The firm has a market cap of $273.49 million, a price-to-earnings ratio of 11.56 and a beta of 0.97. The stock’s 50-day moving average is $38.67 and its 200-day moving average is $36.24. First Trust Nasdaq Bank ETF has a one year low of $25.05 and a one year high of $41.57.

First Trust Nasdaq Bank ETF Increases Dividend

The company also recently declared 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. This is an increase from First Trust Nasdaq Bank ETF’s previous quarterly dividend of $0.17. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.91 dividend on an annualized basis and a yield of 2.3%.

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.