First Trust Nasdaq Bank ETF (NASDAQ:FTXO – Get Free Report) was the recipient of a large growth in short interest in the month of August. As of August 31st, there was short interest totalling 35,300 shares, a growth of 15.0% from the August 15th total of 30,700 shares. Based on an average daily trading volume, of 37,700 shares, the days-to-cover ratio is currently 0.9 days.
First Trust Nasdaq Bank ETF Trading Down 0.2 %
NASDAQ:FTXO traded down $0.05 during mid-day trading on Tuesday, hitting $21.42. The company’s stock had a trading volume of 40,054 shares, compared to its average volume of 67,193. The company has a market capitalization of $129.59 million, a price-to-earnings ratio of 9.26 and a beta of 1.11. First Trust Nasdaq Bank ETF has a fifty-two week low of $18.66 and a fifty-two week high of $29.62. The stock has a fifty day moving average of $22.33 and a 200-day moving average of $21.39.
First Trust Nasdaq Bank ETF Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Wednesday, June 28th were issued a dividend of $0.2506 per share. This is an increase from First Trust Nasdaq Bank ETF’s previous quarterly dividend of $0.14. This represents a $1.00 annualized dividend and a yield of 4.68%. The ex-dividend date of this dividend was Tuesday, June 27th.
Institutional Trading of First Trust Nasdaq Bank ETF
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.
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