First Trust Nasdaq Bank ETF (NASDAQ:FTXO) Short Interest Update

First Trust Nasdaq Bank ETF (NASDAQ:FTXO) was the target of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 200 shares, a growth of 100.0% from the March 31st total of 100 shares. Based on an average daily volume of 33,400 shares, the days-to-cover ratio is presently 0.0 days.

First Trust Nasdaq Bank ETF Trading Down 0.1 %

Shares of First Trust Nasdaq Bank ETF stock traded down $0.04 during midday trading on Friday, reaching $26.40. The company had a trading volume of 7,540 shares, compared to its average volume of 47,400. The stock has a fifty day simple moving average of $25.88 and a 200 day simple moving average of $24.12. First Trust Nasdaq Bank ETF has a 1-year low of $18.66 and a 1-year high of $27.14. The company has a market capitalization of $110.88 million, a price-to-earnings ratio of 10.33 and a beta of 1.11.

First Trust Nasdaq Bank ETF Announces Dividend

The company also recently declared a dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd were paid a dividend of $0.1069 per share. The ex-dividend date of this dividend was Thursday, March 21st.

Hedge Funds Weigh In On First Trust Nasdaq Bank ETF

Several hedge funds have recently added to or reduced their stakes in the company. Principal Securities Inc. acquired a new position in First Trust Nasdaq Bank ETF during the 4th quarter valued at about $33,000. Global Retirement Partners LLC boosted its stake in First Trust Nasdaq Bank ETF by 433.2% in the third quarter. Global Retirement Partners LLC now owns 6,622 shares of the company’s stock valued at $132,000 after acquiring an additional 5,380 shares during the last quarter. NBC Securities Inc. bought a new position in First Trust Nasdaq Bank ETF in the third quarter valued at approximately $170,000. D.A. Davidson & CO. acquired a new stake in First Trust Nasdaq Bank ETF during the 4th quarter worth $217,000. Finally, Atria Wealth Solutions Inc. raised its position in shares of First Trust Nasdaq Bank ETF by 5.1% during the 3rd quarter. Atria Wealth Solutions Inc. now owns 10,299 shares of the company’s stock valued at $213,000 after acquiring an additional 501 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.