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

First Trust Nasdaq Bank ETF (NASDAQ:FTXO) was the target of a significant decrease in short interest during 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. Based on an average trading volume of 52,445 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.5% of the shares of the stock are sold short. Approximately 0.5% of the shares of the stock are sold short. Based on an average trading volume of 52,445 shares, the days-to-cover ratio is presently 0.6 days.

First Trust Nasdaq Bank ETF Stock Performance

Shares of NASDAQ:FTXO traded up $0.04 during midday trading on Friday, hitting $39.07. The company’s stock had a trading volume of 69,492 shares, compared to its average volume of 64,083. The company has a market cap of $273.49 million, a P/E ratio of 11.56 and a beta of 0.97. First Trust Nasdaq Bank ETF has a 12-month low of $25.05 and a 12-month high of $41.57. The business’s 50 day simple moving average is $38.67 and its 200 day simple moving average is $36.24.

First Trust Nasdaq Bank ETF Increases Dividend

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

Institutional Trading of First Trust Nasdaq Bank ETF

Large investors have recently added to or reduced their stakes in the stock. Stifel Financial Corp raised its holdings in shares of First Trust Nasdaq Bank ETF by 92.6% during the 4th quarter. Stifel Financial Corp now owns 39,559 shares of the company’s stock worth $1,495,000 after acquiring an additional 19,015 shares during the period. Wells Fargo & Company MN grew its holdings in shares of First Trust Nasdaq Bank ETF by 17.1% in the fourth quarter. Wells Fargo & Company MN now owns 449,085 shares of the company’s stock valued at $16,970,000 after purchasing an additional 65,420 shares during the period. StoneX Group Inc. acquired a new stake in First Trust Nasdaq Bank ETF during the fourth quarter worth about $217,000. Great Valley Advisor Group Inc. raised its stake in First Trust Nasdaq Bank ETF by 5.6% during the fourth quarter. Great Valley Advisor Group Inc. now owns 9,375 shares of the company’s stock worth $354,000 after purchasing an additional 495 shares during the period. Finally, Gateway Wealth Partners LLC raised its stake in First Trust Nasdaq Bank ETF by 12.3% during the fourth quarter. Gateway Wealth Partners LLC now owns 33,103 shares of the company’s stock worth $1,251,000 after purchasing an additional 3,638 shares during the period.

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.