First Trust Nasdaq Bank ETF (NASDAQ:FTXO – Get Free Report) 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
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.
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