First Trust Nasdaq Bank ETF (NASDAQ:FTXO) Short Interest Down 83.3% in April

First Trust Nasdaq Bank ETF (NASDAQ:FTXO) saw a large decline in short interest in the month of April. As of April 15th, there was short interest totaling 6,665 shares, a decline of 83.3% from the March 31st total of 39,795 shares. Based on an average trading volume of 175,858 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.1% of the shares of the company are short sold.

First Trust Nasdaq Bank ETF Stock Down 1.5%

FTXO stock traded down $0.59 during trading on Friday, reaching $38.46. 64,665 shares of the company’s stock were exchanged, compared to its average volume of 997,830. First Trust Nasdaq Bank ETF has a 1-year low of $28.35 and a 1-year high of $41.57. The company’s fifty day moving average price is $37.25 and its 200-day moving average price is $36.99. The firm has a market cap of $330.76 million, a PE ratio of 11.56 and a beta of 0.92.

First Trust Nasdaq Bank ETF Cuts Dividend

The firm also recently declared 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. This represents a $0.29 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date was Thursday, March 26th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. NewEdge Advisors LLC boosted its position in First Trust Nasdaq Bank ETF by 220.0% during the 4th quarter. NewEdge Advisors LLC now owns 81,407 shares of the company’s stock worth $3,076,000 after acquiring an additional 55,971 shares during the period. Pacific Excel Wealth Advisors Inc. acquired a new position in First Trust Nasdaq Bank ETF during the 4th quarter worth $288,000. Osaic Holdings Inc. boosted its position in First Trust Nasdaq Bank ETF by 31.7% during the 4th quarter. Osaic Holdings Inc. now owns 41,797 shares of the company’s stock worth $1,579,000 after acquiring an additional 10,063 shares during the period. Royal Bank of Canada boosted its position in First Trust Nasdaq Bank ETF by 27.8% during the 4th quarter. Royal Bank of Canada now owns 94,058 shares of the company’s stock worth $3,554,000 after acquiring an additional 20,470 shares during the period. Finally, Stifel Financial Corp boosted its position in First Trust Nasdaq Bank ETF by 92.6% during the 4th quarter. Stifel Financial Corp now owns 39,559 shares of the company’s stock worth $1,495,000 after acquiring an additional 19,015 shares during the period.

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.