First Trust Nasdaq Bank ETF (NASDAQ:FTXO) Sees Large Decrease in Short Interest

First Trust Nasdaq Bank ETF (NASDAQ:FTXO) was the target of a significant decline in short interest in March. As of March 31st, there was short interest totaling 39,795 shares, a decline of 73.5% from the March 15th total of 150,397 shares. Currently, 0.5% of the shares of the company are sold short. Based on an average trading volume of 2,435,604 shares, the short-interest ratio is presently 0.0 days.

First Trust Nasdaq Bank ETF Trading Up 1.0%

Shares of NASDAQ:FTXO traded up $0.40 during midday trading on Monday, hitting $38.95. The stock had a trading volume of 106,335 shares, compared to its average volume of 1,114,067. The company has a market capitalization of $336.92 million, a PE ratio of 11.56 and a beta of 0.92. The stock has a 50 day moving average price of $37.51 and a two-hundred day moving average price of $36.77. First Trust Nasdaq Bank ETF has a 1 year low of $26.65 and a 1 year high of $41.57.

First Trust Nasdaq Bank ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a dividend of $0.0735 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.29 dividend on an annualized basis and a yield of 0.8%.

Institutional Investors Weigh In On First Trust Nasdaq Bank ETF

Institutional investors have recently bought and sold shares of the business. Oppenheimer & Co. Inc. acquired a new stake in First Trust Nasdaq Bank ETF in the fourth quarter valued at $4,465,000. Wells Fargo & Company MN lifted its position in shares of First Trust Nasdaq Bank ETF by 17.1% in the 4th quarter. Wells Fargo & Company MN now owns 449,085 shares of the company’s stock worth $16,970,000 after buying an additional 65,420 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of First Trust Nasdaq Bank ETF by 282.1% in the 4th quarter. Goldman Sachs Group Inc. now owns 76,799 shares of the company’s stock worth $2,902,000 after buying an additional 56,699 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of First Trust Nasdaq Bank ETF by 220.0% in the 4th quarter. NewEdge Advisors LLC now owns 81,407 shares of the company’s stock worth $3,076,000 after buying an additional 55,971 shares during the last quarter. Finally, Bank of America Corp DE lifted its position in shares of First Trust Nasdaq Bank ETF by 29.6% in the 3rd quarter. Bank of America Corp DE now owns 204,787 shares of the company’s stock worth $7,292,000 after buying an additional 46,736 shares during the last quarter.

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.