Short Interest in First Trust Nasdaq Bank ETF (NASDAQ:FTXO) Rises By 969.1%

First Trust Nasdaq Bank ETF (NASDAQ:FTXO) saw a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 176,400 shares, a growth of 969.1% from the December 15th total of 16,500 shares. Based on an average daily volume of 72,000 shares, the days-to-cover ratio is currently 2.5 days.

First Trust Nasdaq Bank ETF Trading Up 2.5 %

Shares of FTXO traded up $0.83 on Wednesday, reaching $33.49. 10,483 shares of the company’s stock were exchanged, compared to its average volume of 100,054. The business has a 50 day moving average price of $33.22 and a two-hundred day moving average price of $30.40. The stock has a market capitalization of $210.99 million, a P/E ratio of 10.77 and a beta of 1.11. First Trust Nasdaq Bank ETF has a 12 month low of $23.61 and a 12 month high of $35.58.

First Trust Nasdaq Bank ETF Cuts Dividend

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

Institutional Trading of First Trust Nasdaq Bank ETF

A number of large investors have recently added to or reduced their stakes in the company. Ashton Thomas Private Wealth LLC acquired a new position in shares of First Trust Nasdaq Bank ETF in the second quarter valued at approximately $48,000. Thurston Springer Miller Herd & Titak Inc. raised its holdings in shares of First Trust Nasdaq Bank ETF by 284.6% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,365 shares of the company’s stock worth $75,000 after buying an additional 1,750 shares in the last quarter. International Assets Investment Management LLC bought a new stake in shares of First Trust Nasdaq Bank ETF during the 4th quarter worth $238,000. HBW Advisory Services LLC boosted its stake 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 valued at $248,000 after buying an additional 345 shares in the last quarter. Finally, Tyler Stone Wealth Management lifted its stake in shares of First Trust Nasdaq Bank ETF by 68.1% in the 3rd quarter. Tyler Stone Wealth Management now owns 7,882 shares of the company’s stock valued at $229,000 after acquiring an additional 3,193 shares during the last quarter.

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.