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

First Trust Nasdaq Bank ETF (NASDAQ:FTXO) saw a significant drop in short interest in January. As of January 31st, there was short interest totalling 103,400 shares, a drop of 95.2% from the January 15th total of 2,150,000 shares. Based on an average trading volume of 92,600 shares, the short-interest ratio is currently 1.1 days.

Hedge Funds Weigh In On First Trust Nasdaq Bank ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FTXO. Larson Financial Group LLC increased its stake in First Trust Nasdaq Bank ETF by 22.0% in the 4th quarter. Larson Financial Group LLC now owns 1,633 shares of the company’s stock worth $52,000 after acquiring an additional 295 shares during the last quarter. HBW Advisory Services LLC increased its position in First Trust Nasdaq Bank ETF by 4.6% in the fourth quarter. HBW Advisory Services LLC now owns 7,807 shares of the company’s stock worth $248,000 after purchasing an additional 345 shares during the last quarter. D.A. Davidson & CO. raised its stake in First Trust Nasdaq Bank ETF by 7.9% during the third quarter. D.A. Davidson & CO. now owns 8,154 shares of the company’s stock valued at $237,000 after purchasing an additional 600 shares in the last quarter. Commonwealth Equity Services LLC raised its stake in First Trust Nasdaq Bank ETF by 4.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 16,046 shares of the company’s stock valued at $510,000 after purchasing an additional 638 shares in the last quarter. Finally, Wagner Wealth Management LLC lifted its position in First Trust Nasdaq Bank ETF by 0.5% during the fourth quarter. Wagner Wealth Management LLC now owns 167,920 shares of the company’s stock valued at $5,341,000 after purchasing an additional 855 shares during the last quarter.

First Trust Nasdaq Bank ETF Stock Performance

Shares of NASDAQ FTXO opened at $33.88 on Thursday. The firm’s fifty day moving average is $33.14 and its two-hundred day moving average is $31.26. First Trust Nasdaq Bank ETF has a 52-week low of $23.73 and a 52-week high of $35.58. The company has a market cap of $232.08 million, a P/E ratio of 10.77 and a beta of 1.11.

First Trust Nasdaq Bank ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a $0.1864 dividend. The ex-dividend date was Friday, December 13th.

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.