First Trust Nasdaq Bank ETF (NASDAQ:FTXO) Sees Large Growth in Short Interest

by · The Markets Daily

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

Institutional Trading of First Trust Nasdaq Bank ETF

A number of institutional investors have recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC purchased a new position in shares of First Trust Nasdaq Bank ETF during the second quarter valued at approximately $48,000. Thurston Springer Miller Herd & Titak Inc. raised its stake in 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 valued at $75,000 after buying an additional 1,750 shares during the last quarter. Tyler Stone Wealth Management lifted its holdings in shares of First Trust Nasdaq Bank ETF by 68.1% during the 3rd quarter. Tyler Stone Wealth Management now owns 7,882 shares of the company’s stock valued at $229,000 after buying an additional 3,193 shares during the period. D.A. Davidson & CO. boosted its stake in shares of First Trust Nasdaq Bank ETF by 7.9% in the 3rd quarter. D.A. Davidson & CO. now owns 8,154 shares of the company’s stock worth $237,000 after buying an additional 600 shares during the last quarter. Finally, International Assets Investment Management LLC bought a new stake in shares of First Trust Nasdaq Bank ETF in the fourth quarter worth $238,000.

First Trust Nasdaq Bank ETF Trading Up 2.1 %

FTXO stock traded up $0.68 during midday trading on Tuesday, hitting $32.61. The company’s stock had a trading volume of 64,486 shares, compared to its average volume of 105,157. The company has a market cap of $205.44 million, a PE ratio of 10.77 and a beta of 1.11. The firm’s 50-day moving average is $33.18 and its 200-day moving average is $30.36. 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 disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.1864 dividend. The ex-dividend date was Friday, December 13th.

About First Trust Nasdaq Bank ETF

(Get Free Report)

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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