First Trust Nasdaq Bank ETF (NASDAQ:FTXO – Get Free Report) 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
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.
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