First Trust Nasdaq Bank ETF (NASDAQ:FTXO) Short Interest Down 96.6% in August

First Trust Nasdaq Bank ETF (NASDAQ:FTXO) saw a significant drop in short interest in the month of August. As of August 15th, there was short interest totalling 100 shares, a drop of 96.6% from the July 31st total of 2,900 shares. Based on an average daily volume of 26,700 shares, the days-to-cover ratio is presently 0.0 days.

First Trust Nasdaq Bank ETF Stock Performance

Shares of NASDAQ:FTXO traded down $0.04 during trading on Tuesday, hitting $29.13. The company’s stock had a trading volume of 4,606 shares, compared to its average volume of 36,016. The company has a market capitalization of $110.69 million, a PE ratio of 10.77 and a beta of 1.11. The stock’s 50-day moving average price is $27.72 and its two-hundred day moving average price is $26.64. First Trust Nasdaq Bank ETF has a fifty-two week low of $18.94 and a fifty-two week high of $30.06.

First Trust Nasdaq Bank ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were paid a $0.2216 dividend. The ex-dividend date was Thursday, June 27th. This is a positive change from First Trust Nasdaq Bank ETF’s previous dividend of $0.11.

Hedge Funds Weigh In On First Trust Nasdaq Bank ETF

Institutional investors and hedge funds have recently modified their holdings of the stock. Principal Securities Inc. bought a new position in shares of First Trust Nasdaq Bank ETF in the fourth quarter valued at approximately $33,000. Larson Financial Group LLC grew its holdings in shares of First Trust Nasdaq Bank ETF by 575.3% during the second quarter. Larson Financial Group LLC now owns 1,337 shares of the company’s stock worth $35,000 after purchasing an additional 1,139 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in shares of First Trust Nasdaq Bank ETF in the second quarter valued at $48,000. International Assets Investment Management LLC bought a new position in shares of First Trust Nasdaq Bank ETF in the second quarter valued at about $98,000. Finally, D.A. Davidson & CO. acquired a new position in First Trust Nasdaq Bank ETF during the 4th quarter worth about $217,000.

About First Trust Nasdaq Bank ETF

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.