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

First Trust Nasdaq Bank ETF (NASDAQ:FTXO) was the recipient of a large increase in short interest during the month of 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 trading volume of 72,000 shares, the short-interest ratio is presently 2.5 days.

Hedge Funds Weigh In On First Trust Nasdaq Bank ETF

A number of large investors have recently bought and sold shares of the company. Jane Street Group LLC acquired a new position in First Trust Nasdaq Bank ETF during the third quarter worth $271,000. International Assets Investment Management LLC purchased a new stake in First Trust Nasdaq Bank ETF during the fourth quarter worth about $238,000. Tyler Stone Wealth Management grew its position in First Trust Nasdaq Bank ETF by 68.1% during the third quarter. Tyler Stone Wealth Management now owns 7,882 shares of the company’s stock worth $229,000 after buying an additional 3,193 shares during the period. Janney Montgomery Scott LLC raised its holdings in First Trust Nasdaq Bank ETF by 2.9% during the third quarter. Janney Montgomery Scott LLC now owns 77,319 shares of the company’s stock worth $2,248,000 after purchasing an additional 2,144 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC purchased a new stake in First Trust Nasdaq Bank ETF during the second quarter worth $48,000.

First Trust Nasdaq Bank ETF Stock Performance

First Trust Nasdaq Bank ETF stock traded up $0.13 during mid-day trading on Monday, reaching $31.54. 33,547 shares of the company were exchanged, compared to its average volume of 101,680. The firm has a market cap of $198.70 million, a PE ratio of 10.77 and a beta of 1.11. The firm’s 50-day simple moving average is $33.14 and its two-hundred day simple moving average is $30.31. First Trust Nasdaq Bank ETF has a twelve month low of $23.61 and a twelve month high of $35.58.

First Trust Nasdaq Bank ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.1864 dividend. The ex-dividend date of this dividend was Friday, December 13th.

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.