First Trust Nasdaq Bank ETF (NASDAQ:FTXO) Short Interest Update

First Trust Nasdaq Bank ETF (NASDAQ:FTXO) was the target of a large decline in short interest in March. As of March 13th, there was short interest totaling 150,397 shares, a decline of 84.4% from the February 26th total of 961,921 shares. Approximately 2.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 494,361 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 494,361 shares, the days-to-cover ratio is presently 0.3 days. Approximately 2.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Comerica Bank bought a new position in shares of First Trust Nasdaq Bank ETF in the first quarter worth $28,000. NewEdge Advisors LLC grew its position in First Trust Nasdaq Bank ETF by 784.3% during the first quarter. NewEdge Advisors LLC now owns 21,074 shares of the company’s stock worth $641,000 after buying an additional 18,691 shares in the last quarter. Cetera Investment Advisers increased its stake in First Trust Nasdaq Bank ETF by 11.9% in the 2nd quarter. Cetera Investment Advisers now owns 148,399 shares of the company’s stock worth $4,902,000 after acquiring an additional 15,829 shares during the last quarter. Global Retirement Partners LLC bought a new position in First Trust Nasdaq Bank ETF in the 2nd quarter worth about $212,000. Finally, Steward Partners Investment Advisory LLC raised its holdings in shares of First Trust Nasdaq Bank ETF by 136.0% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 1,378 shares of the company’s stock valued at $46,000 after acquiring an additional 794 shares in the last quarter.

First Trust Nasdaq Bank ETF Trading Up 0.4%

Shares of First Trust Nasdaq Bank ETF stock traded up $0.16 on Wednesday, reaching $36.03. The stock had a trading volume of 1,762,771 shares, compared to its average volume of 872,076. The business’s 50 day moving average is $37.91 and its two-hundred day moving average is $36.70. First Trust Nasdaq Bank ETF has a 1 year low of $25.05 and a 1 year high of $41.57. The company has a market cap of $252.21 million, a P/E ratio of 11.56 and a beta of 0.97.

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.