First Trust Nasdaq Bank ETF (NASDAQ:FTXO) Short Interest Up 969.1% in January

First Trust Nasdaq Bank ETF (NASDAQ:FTXO) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totalling 176,400 shares, a growth of 969.1% from the December 31st total of 16,500 shares. Based on an average daily trading volume, of 72,000 shares, the days-to-cover ratio is presently 2.5 days.

Hedge Funds Weigh In On First Trust Nasdaq Bank ETF

Several hedge funds and other institutional investors have recently bought and sold shares of FTXO. HBW Advisory Services LLC increased its position in shares of First Trust Nasdaq Bank ETF by 4.6% in the fourth quarter. HBW Advisory Services LLC now owns 7,807 shares of the company’s stock valued at $248,000 after buying an additional 345 shares in the last quarter. D.A. Davidson & CO. grew its stake in First Trust Nasdaq Bank ETF by 7.9% in the 3rd quarter. D.A. Davidson & CO. now owns 8,154 shares of the company’s stock valued at $237,000 after acquiring an additional 600 shares during the last quarter. Wagner Wealth Management LLC increased its holdings in First Trust Nasdaq Bank ETF by 0.6% during the 3rd quarter. Wagner Wealth Management LLC now owns 167,065 shares of the company’s stock valued at $4,858,000 after acquiring an additional 915 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. raised its position in First Trust Nasdaq Bank ETF by 284.6% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,365 shares of the company’s stock worth $75,000 after acquiring an additional 1,750 shares during the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in shares of First Trust Nasdaq Bank ETF by 2.9% in the third quarter. Janney Montgomery Scott LLC now owns 77,319 shares of the company’s stock valued at $2,248,000 after purchasing an additional 2,144 shares in the last quarter.

First Trust Nasdaq Bank ETF Trading Down 0.4 %

Shares of First Trust Nasdaq Bank ETF stock opened at $34.12 on Wednesday. The company has a 50-day moving average of $33.25 and a two-hundred day moving average of $30.89. The stock has a market cap of $225.19 million, a PE ratio of 10.77 and a beta of 1.11. First Trust Nasdaq Bank ETF has a 12-month low of $23.61 and a 12-month high of $35.58.

First Trust Nasdaq Bank ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.1864 dividend. The ex-dividend date of this dividend was Friday, December 13th.

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.