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

First Trust Nasdaq Bank ETF (NASDAQ:FTXO) was the target of a significant growth in short interest in November. As of November 15th, there was short interest totalling 105,500 shares, a growth of 105,400.0% from the October 31st total of 100 shares. Based on an average daily trading volume, of 41,500 shares, the days-to-cover ratio is presently 2.5 days.

First Trust Nasdaq Bank ETF Trading Down 0.2 %

FTXO opened at $35.08 on Thursday. The company has a market cap of $119.27 million, a P/E ratio of 10.77 and a beta of 1.11. The company’s 50 day moving average is $31.05 and its 200-day moving average is $28.80. First Trust Nasdaq Bank ETF has a 1-year low of $21.62 and a 1-year high of $35.58.

First Trust Nasdaq Bank ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a $0.1796 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.72 dividend on an annualized basis and a yield of 2.05%.

Institutional Trading of First Trust Nasdaq Bank ETF

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. D.A. Davidson & CO. boosted its holdings in shares of First Trust Nasdaq Bank ETF by 7.9% during the 3rd quarter. D.A. Davidson & CO. now owns 8,154 shares of the company’s stock valued at $237,000 after acquiring an additional 600 shares in the last quarter. Wagner Wealth Management LLC grew its holdings in shares of First Trust Nasdaq Bank ETF by 0.6% during the third quarter. Wagner Wealth Management LLC now owns 167,065 shares of the company’s stock worth $4,858,000 after purchasing an additional 915 shares during the last quarter. 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 position in shares of First Trust Nasdaq Bank ETF in the second quarter valued at approximately $48,000. Finally, Janney Montgomery Scott LLC raised its holdings in First Trust Nasdaq Bank ETF by 2.9% in the 3rd quarter. Janney Montgomery Scott LLC now owns 77,319 shares of the company’s stock valued at $2,248,000 after buying an additional 2,144 shares during the last quarter.

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.