First Trust Nasdaq Bank ETF (NASDAQ:FTXO) Short Interest Up 105,400.0% in November

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. D.A. Davidson & CO. boosted its stake in 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 worth $237,000 after purchasing an additional 600 shares during the period. Wagner Wealth Management LLC raised its holdings in 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 boosted its position in shares of First Trust Nasdaq Bank ETF by 575.3% in the 2nd quarter. Larson Financial Group LLC now owns 1,337 shares of the company’s stock worth $35,000 after buying an additional 1,139 shares in the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake 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 shares of First Trust Nasdaq Bank ETF by 2.9% in the third quarter. Janney Montgomery Scott LLC now owns 77,319 shares of the company’s stock worth $2,248,000 after acquiring an additional 2,144 shares during the last quarter.

First Trust Nasdaq Bank ETF Stock Performance

Shares of FTXO stock opened at $35.08 on Friday. First Trust Nasdaq Bank ETF has a fifty-two week low of $21.62 and a fifty-two week high of $35.58. The company has a 50 day moving average price of $31.18 and a 200 day moving average price of $28.84. The stock has a market capitalization of $119.27 million, a P/E ratio of 10.77 and a beta of 1.11.

First Trust Nasdaq Bank ETF Cuts Dividend

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

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.