First Trust Nasdaq Bank ETF (NASDAQ:FTXO) Stock Short Interest Report for October

First Trust Nasdaq Bank ETF (NASDAQ:FTXO) was the target of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 55,330 shares, an increase of 177.4% from the October 15th total of 19,945 shares. Based on an average daily volume of 61,234 shares, the short-interest ratio is presently 0.9 days. Currently, 0.9% of the company’s stock are short sold.

Hedge Funds Weigh In On First Trust Nasdaq Bank ETF

Institutional investors have recently made changes to their positions in the business. Fifth Third Bancorp bought a new position in First Trust Nasdaq Bank ETF in the first quarter worth approximately $30,000. Tucker Asset Management LLC boosted its position in shares of First Trust Nasdaq Bank ETF by 18.8% during the second quarter. Tucker Asset Management LLC now owns 1,545 shares of the company’s stock worth $64,000 after acquiring an additional 245 shares during the last quarter. Compass Financial Management LLC purchased a new position in shares of First Trust Nasdaq Bank ETF during the second quarter valued at about $104,000. Parallel Advisors LLC increased its stake in First Trust Nasdaq Bank ETF by 498.1% in the 1st quarter. Parallel Advisors LLC now owns 2,500 shares of the company’s stock worth $90,000 after acquiring an additional 2,082 shares during the last quarter. Finally, Geneos Wealth Management Inc. increased its holdings in shares of First Trust Nasdaq Bank ETF by 134.6% in the 1st quarter. Geneos Wealth Management Inc. now owns 2,843 shares of the company’s stock worth $103,000 after buying an additional 1,631 shares during the last quarter.

First Trust Nasdaq Bank ETF Price Performance

First Trust Nasdaq Bank ETF stock opened at $40.07 on Friday. The business’s fifty day moving average is $39.91 and its 200 day moving average is $39.65. First Trust Nasdaq Bank ETF has a one year low of $33.59 and a one year high of $44.12. The stock has a market capitalization of $240.42 million, a PE ratio of 11.99 and a beta of 0.93.

First Trust Nasdaq Bank ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were given a $0.21 dividend. This is a drop from First Trust Nasdaq Bank ETF’s previous quarterly dividend of $0.2572. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $0.84 dividend on an annualized basis and a yield of 2.1%.

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.