First Trust Nasdaq Bank ETF (NASDAQ:FTXO) Short Interest Up 100.0% in April

First Trust Nasdaq Bank ETF (NASDAQ:FTXO) was the recipient of a large growth in short interest during the month of April. As of April 15th, there was short interest totalling 200 shares, a growth of 100.0% from the March 31st total of 100 shares. Based on an average trading volume of 33,400 shares, the short-interest ratio is presently 0.0 days.

First Trust Nasdaq Bank ETF Trading Down 0.1 %

Shares of FTXO stock traded down $0.04 on Friday, reaching $26.40. 7,540 shares of the company’s stock were exchanged, compared to its average volume of 47,400. First Trust Nasdaq Bank ETF has a 52 week low of $18.66 and a 52 week high of $27.14. The stock has a market capitalization of $110.88 million, a PE ratio of 10.33 and a beta of 1.11. The company’s fifty day simple moving average is $25.88 and its 200 day simple moving average is $24.12.

First Trust Nasdaq Bank ETF Announces Dividend

The firm also recently declared a dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 22nd were paid a dividend of $0.1069 per share. The ex-dividend date of this dividend was Thursday, March 21st.

Institutional Investors Weigh In On First Trust Nasdaq Bank ETF

A number of institutional investors and hedge funds have recently modified their holdings of FTXO. D.A. Davidson & CO. bought a new stake in First Trust Nasdaq Bank ETF during the 4th quarter valued at $217,000. UBS Group AG raised its position in First Trust Nasdaq Bank ETF by 150.4% during the 4th quarter. UBS Group AG now owns 323,259 shares of the company’s stock valued at $8,166,000 after purchasing an additional 194,180 shares in the last quarter. Principal Securities Inc. bought a new stake in First Trust Nasdaq Bank ETF during the 4th quarter valued at $33,000. International Assets Investment Management LLC bought a new stake in First Trust Nasdaq Bank ETF during the 4th quarter valued at $1,409,000. Finally, Secure Asset Management LLC raised its position in First Trust Nasdaq Bank ETF by 64.2% during the 4th quarter. Secure Asset Management LLC now owns 434,708 shares of the company’s stock valued at $10,981,000 after purchasing an additional 170,041 shares in the last quarter.

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.