First Trust Nasdaq Bank ETF (NASDAQ:FTXO) Sees Significant Increase in Short Interest

First Trust Nasdaq Bank ETF (NASDAQ:FTXO) was the recipient of a large increase in short interest in April. As of April 15th, there was short interest totalling 200 shares, an increase of 100.0% from the March 31st total of 100 shares. Based on an average daily volume of 33,400 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Trading of First Trust Nasdaq Bank ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in FTXO. UBS Group AG boosted its holdings in First Trust Nasdaq Bank ETF by 150.4% during the fourth quarter. UBS Group AG now owns 323,259 shares of the company’s stock worth $8,166,000 after buying an additional 194,180 shares in the last quarter. Secure Asset Management LLC grew its holdings in shares of First Trust Nasdaq Bank ETF by 64.2% in the 4th quarter. Secure Asset Management LLC now owns 434,708 shares of the company’s stock worth $10,981,000 after acquiring an additional 170,041 shares during the last quarter. International Assets Investment Management LLC acquired a new stake in shares of First Trust Nasdaq Bank ETF during the fourth quarter worth $1,409,000. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of First Trust Nasdaq Bank ETF during the third quarter valued at $344,000. Finally, PFG Advisors acquired a new position in shares of First Trust Nasdaq Bank ETF in the 4th quarter valued at $346,000.

First Trust Nasdaq Bank ETF Trading Down 0.1 %

FTXO stock traded down $0.04 during trading hours on Friday, hitting $26.40. 7,540 shares of the stock traded hands, compared to its average volume of 47,400. The stock has a 50-day simple moving average of $25.88 and a 200 day simple moving average of $24.12. The company has a market cap of $110.88 million, a P/E ratio of 10.33 and a beta of 1.11. First Trust Nasdaq Bank ETF has a one year low of $18.66 and a one year high of $27.14.

First Trust Nasdaq Bank ETF Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were given a dividend of $0.1069 per share. The ex-dividend date was Thursday, March 21st.

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.