First Trust Nasdaq Pharmaceuticals ETF (NASDAQ:FTXH – Get Free Report) was the recipient of a large decrease in short interest in September. As of September 30th, there was short interest totaling 9,470 shares, a decrease of 50.2% from the September 15th total of 19,031 shares. Currently, 0.0% of the company’s shares are sold short. Based on an average daily trading volume, of 468,724 shares, the short-interest ratio is presently 0.0 days.
First Trust Nasdaq Pharmaceuticals ETF Stock Performance
Shares of FTXH stock traded up $0.86 during trading hours on Wednesday, hitting $41.29. 32,672 shares of the company were exchanged, compared to its average volume of 233,511. The company has a 50 day simple moving average of $41.07 and a two-hundred day simple moving average of $37.70. The firm has a market cap of $1.07 billion, a P/E ratio of 14.51 and a beta of 0.45. First Trust Nasdaq Pharmaceuticals ETF has a fifty-two week low of $28.85 and a fifty-two week high of $43.52.
First Trust Nasdaq Pharmaceuticals ETF Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were paid a dividend of $0.0113 per share. This is a drop from First Trust Nasdaq Pharmaceuticals ETF’s previous quarterly dividend of $0.0920. This represents a $0.05 annualized dividend and a yield of 0.1%. The ex-dividend date of this dividend was Thursday, September 24th.
Institutional Investors Weigh In On First Trust Nasdaq Pharmaceuticals ETF
About First Trust Nasdaq Pharmaceuticals ETF
The First Trust Nasdaq Pharmaceuticals ETF (FTXH) is an exchange-traded fund that is based on the Nasdaq US Smart Pharmaceuticals index. The fund tracks the 30 most liquid US pharmaceutical companies, weighted according to factors related to value, volatility, and growth. FTXH was launched on Sep 20, 2016 and is managed by First Trust.
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