First Trust Nasdaq Bank ETF (NASDAQ:FTXO) Sees Large Decrease in Short Interest

First Trust Nasdaq Bank ETF (NASDAQ:FTXO) saw a large decline in short interest during the month of August. As of August 15th, there was short interest totalling 100 shares, a decline of 96.6% from the July 31st total of 2,900 shares. Based on an average trading volume of 26,700 shares, the short-interest ratio is presently 0.0 days.

First Trust Nasdaq Bank ETF Stock Down 0.1 %

NASDAQ FTXO traded down $0.04 during trading on Tuesday, hitting $29.13. 4,606 shares of the stock traded hands, compared to its average volume of 36,016. The company has a market capitalization of $110.69 million, a P/E ratio of 10.77 and a beta of 1.11. First Trust Nasdaq Bank ETF has a 12-month low of $18.94 and a 12-month high of $30.06. The firm has a 50-day simple moving average of $27.72 and a 200-day simple moving average of $26.64.

First Trust Nasdaq Bank ETF Increases Dividend

The business also recently declared a dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were issued a dividend of $0.2216 per share. The ex-dividend date was Thursday, June 27th. This is a positive change from First Trust Nasdaq Bank ETF’s previous dividend of $0.11.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG lifted its holdings in First Trust Nasdaq Bank ETF by 150.4% during the fourth quarter. UBS Group AG now owns 323,259 shares of the company’s stock worth $8,166,000 after buying an additional 194,180 shares during the period. International Assets Investment Management LLC purchased a new position in shares of First Trust Nasdaq Bank ETF in the 4th quarter worth approximately $1,409,000. PFG Advisors boosted its stake in First Trust Nasdaq Bank ETF by 130.1% in the first quarter. PFG Advisors now owns 31,479 shares of the company’s stock valued at $854,000 after acquiring an additional 17,800 shares in the last quarter. Cetera Advisors LLC grew its stake in First Trust Nasdaq Bank ETF by 62.5% during the 1st quarter. Cetera Advisors LLC now owns 28,473 shares of the company’s stock valued at $773,000 after purchasing an additional 10,949 shares during the last quarter. Finally, D.A. Davidson & CO. acquired a new position in shares of First Trust Nasdaq Bank ETF in the fourth quarter valued at about $217,000.

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.