First Trust Nasdaq Bank ETF (NASDAQ:FTXO – Get Free Report) was the recipient of a significant growth in short interest in October. As of October 15th, there was short interest totalling 3,600 shares, a growth of 3,500.0% from the September 30th total of 100 shares. Based on an average trading volume of 18,500 shares, the days-to-cover ratio is presently 0.2 days.
First Trust Nasdaq Bank ETF Trading Down 1.6 %
NASDAQ FTXO opened at $30.14 on Friday. The firm’s fifty day moving average price is $29.24 and its two-hundred day moving average price is $27.73. First Trust Nasdaq Bank ETF has a 1 year low of $18.96 and a 1 year high of $31.29. The firm has a market capitalization of $102.48 million, a P/E ratio of 10.77 and a beta of 1.11.
First Trust Nasdaq Bank ETF Cuts Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a $0.1796 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.72 annualized dividend and a dividend yield of 2.38%.
Hedge Funds Weigh In On First Trust Nasdaq Bank ETF
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.
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