First Trust Nasdaq Bank ETF (NASDAQ:FTXO) Short Interest Up 3,500.0% in October

First Trust Nasdaq Bank ETF (NASDAQ:FTXO) 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

A number of institutional investors have recently bought and sold shares of FTXO. Wagner Wealth Management LLC lifted its holdings in shares of 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 valued at $4,858,000 after buying an additional 915 shares during the period. PFG Advisors boosted its position in First Trust Nasdaq Bank ETF by 21.6% in the 2nd quarter. PFG Advisors now owns 38,288 shares of the company’s stock worth $1,016,000 after purchasing an additional 6,809 shares in the last quarter. Cetera Advisors LLC grew its stake in shares of 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 worth $773,000 after purchasing an additional 10,949 shares during the period. International Assets Investment Management LLC purchased a new position in shares of First Trust Nasdaq Bank ETF during the 2nd quarter valued at approximately $98,000. Finally, Ashton Thomas Private Wealth LLC purchased a new position in shares of First Trust Nasdaq Bank ETF during the 2nd quarter valued at approximately $48,000.

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.