First Trust Nasdaq Bank ETF (NASDAQ:FTXO – Get Free Report) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 3,600 shares, an increase of 3,500.0% from the September 30th total of 100 shares. Based on an average trading volume of 18,500 shares, the short-interest ratio is currently 0.2 days.
First Trust Nasdaq Bank ETF Price Performance
FTXO traded down $0.36 on Friday, reaching $30.26. 9,568 shares of the stock were exchanged, compared to its average volume of 31,707. The company’s 50-day moving average price is $29.20 and its 200 day moving average price is $27.70. The firm has a market capitalization of $102.88 million, a PE ratio of 10.77 and a beta of 1.11. First Trust Nasdaq Bank ETF has a fifty-two week low of $18.96 and a fifty-two week high of $31.29.
First Trust Nasdaq Bank ETF Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a $0.1796 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.72 dividend on an annualized basis and a yield of 2.37%.
Hedge Funds Weigh In On First Trust Nasdaq Bank ETF
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.
Further Reading
- Five stocks we like better than First Trust Nasdaq Bank ETF
- There Are Different Types of Stock To Invest In
- Texas Roadhouse Stock Steering for New Highs This Year
- Canada Bond Market Holiday: How to Invest and Trade
- Monopar Therapeutics Skyrockets 400% on Licensing Deal
- Why Special Dividends Can be a Delightful Surprise for Income Investors
- Tractor Supply Stock Pulls Back: A Prime Buying Opportunity
Receive News & Ratings for First Trust Nasdaq Bank ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust Nasdaq Bank ETF and related companies with MarketBeat.com's FREE daily email newsletter.