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

First Trust Nasdaq Bank ETF (NASDAQ:FTXO) was the recipient of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 6,786 shares, a drop of 91.7% from the June 30th total of 81,961 shares. Based on an average daily volume of 97,257 shares, the short-interest ratio is currently 0.1 days. Approximately 0.1% of the company’s shares are short sold.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. NBC Securities Inc. raised its stake in shares of First Trust Nasdaq Bank ETF by 22.5% during the 4th quarter. NBC Securities Inc. now owns 1,636 shares of the company’s stock worth $62,000 after purchasing an additional 301 shares in the last quarter. Great Valley Advisor Group Inc. grew its stake in shares of First Trust Nasdaq Bank ETF by 4.2% in the 2nd quarter. Great Valley Advisor Group Inc. now owns 9,479 shares of the company’s stock valued at $313,000 after buying an additional 380 shares in the last quarter. HBW Advisory Services LLC grew its stake in shares of First Trust Nasdaq Bank ETF by 2.6% in the 1st quarter. HBW Advisory Services LLC now owns 16,277 shares of the company’s stock valued at $589,000 after buying an additional 414 shares in the last quarter. Kestra Advisory Services LLC increased its holdings in First Trust Nasdaq Bank ETF by 0.8% in the first quarter. Kestra Advisory Services LLC now owns 62,695 shares of the company’s stock worth $2,268,000 after buying an additional 481 shares during the last quarter. Finally, Wagner Wealth Management LLC increased its holdings in First Trust Nasdaq Bank ETF by 0.4% in the fourth quarter. Wagner Wealth Management LLC now owns 158,509 shares of the company’s stock worth $5,990,000 after buying an additional 575 shares during the last quarter.

First Trust Nasdaq Bank ETF Trading Up 0.6%

NASDAQ:FTXO traded up $0.26 during trading hours on Friday, hitting $42.37. 88,346 shares of the stock traded hands, compared to its average volume of 603,217. The firm has a 50 day moving average price of $40.48 and a 200 day moving average price of $38.86. First Trust Nasdaq Bank ETF has a fifty-two week low of $32.57 and a fifty-two week high of $43.21. The firm has a market cap of $305.06 million, a price-to-earnings ratio of 11.56 and a beta of 0.89.

First Trust Nasdaq Bank ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.2572 per share. This is a positive change from First Trust Nasdaq Bank ETF’s previous quarterly dividend of $0.07. This represents a $1.03 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Thursday, June 25th.

First Trust Nasdaq Bank ETF Company Profile

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.