Short Interest in First Trust Nasdaq Bank ETF (NASDAQ:FTXO) Rises By 100.0%

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

Institutional Trading of First Trust Nasdaq Bank ETF

A number of hedge funds have recently added to or reduced their stakes in FTXO. Secure Asset Management LLC raised 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 valued at $10,981,000 after purchasing an additional 170,041 shares in the last quarter. UBS Group AG increased 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 valued at $8,166,000 after buying an additional 194,180 shares during the period. Raymond James & Associates lifted its holdings in First Trust Nasdaq Bank ETF by 14.8% during the third quarter. Raymond James & Associates now owns 60,500 shares of the company’s stock worth $1,251,000 after buying an additional 7,779 shares during the period. International Assets Investment Management LLC bought a new stake in First Trust Nasdaq Bank ETF during the 4th quarter valued at $1,409,000. Finally, HBW Advisory Services LLC boosted its position in First Trust Nasdaq Bank ETF by 16.9% during the 4th quarter. HBW Advisory Services LLC now owns 40,615 shares of the company’s stock valued at $1,026,000 after acquiring an additional 5,871 shares in the last quarter.

First Trust Nasdaq Bank ETF Stock Down 0.1 %

NASDAQ:FTXO traded down $0.04 during midday trading on Friday, hitting $26.40. The stock had a trading volume of 7,540 shares, compared to its average volume of 47,400. The stock has a 50-day moving average of $25.88 and a 200 day moving average of $24.12. The company has a market capitalization of $110.88 million, a price-to-earnings 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 Announces Dividend

The company also recently disclosed a dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were issued a $0.1069 dividend. 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.