First Trust Nasdaq Bank ETF (NASDAQ:FTXO) Short Interest Up 969.1% in January

First Trust Nasdaq Bank ETF (NASDAQ:FTXO) was the target of a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 176,400 shares, an increase of 969.1% from the December 31st total of 16,500 shares. Based on an average daily trading volume, of 72,000 shares, the days-to-cover ratio is currently 2.5 days.

First Trust Nasdaq Bank ETF Trading Down 0.4 %

NASDAQ:FTXO traded down $0.15 during mid-day trading on Tuesday, reaching $34.12. 105,845 shares of the stock were exchanged, compared to its average volume of 83,067. The business has a fifty day moving average price of $33.24 and a 200 day moving average price of $30.84. First Trust Nasdaq Bank ETF has a 1-year low of $23.61 and a 1-year high of $35.58. The firm has a market capitalization of $225.19 million, a PE ratio of 10.77 and a beta of 1.11.

First Trust Nasdaq Bank ETF Cuts Dividend

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

Institutional Trading of First Trust Nasdaq Bank ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. HBW Advisory Services LLC increased its stake in First Trust Nasdaq Bank ETF by 4.6% in the 4th quarter. HBW Advisory Services LLC now owns 7,807 shares of the company’s stock worth $248,000 after purchasing an additional 345 shares in the last quarter. D.A. Davidson & CO. lifted its position in shares of First Trust Nasdaq Bank ETF by 7.9% in the 3rd quarter. D.A. Davidson & CO. now owns 8,154 shares of the company’s stock valued at $237,000 after acquiring an additional 600 shares in the last quarter. Wagner Wealth Management LLC boosted its stake in First Trust Nasdaq Bank ETF by 0.6% in the 3rd 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 period. Thurston Springer Miller Herd & Titak Inc. boosted its stake in First Trust Nasdaq Bank ETF by 284.6% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,365 shares of the company’s stock worth $75,000 after purchasing an additional 1,750 shares during the period. Finally, Janney Montgomery Scott LLC grew its position in First Trust Nasdaq Bank ETF by 2.9% during the 3rd 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 in 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.