First Trust Nasdaq Bank ETF (NASDAQ:FTXO) Short Interest Down 38.0% in February

First Trust Nasdaq Bank ETF (NASDAQ:FTXO) was the recipient of a significant decrease in short interest in February. As of February 28th, there was short interest totalling 65,400 shares, a decrease of 38.0% from the February 13th total of 105,400 shares. Approximately 1.0% of the company’s stock are sold short. Based on an average daily volume of 75,800 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Investors Weigh In On First Trust Nasdaq Bank ETF

Hedge funds have recently modified their holdings of the stock. Larson Financial Group LLC raised its position in First Trust Nasdaq Bank ETF by 22.0% in the fourth quarter. Larson Financial Group LLC now owns 1,633 shares of the company’s stock worth $52,000 after acquiring an additional 295 shares in the last quarter. HBW Advisory Services LLC raised its position in First Trust Nasdaq Bank ETF by 4.6% in the fourth quarter. HBW Advisory Services LLC now owns 7,807 shares of the company’s stock worth $248,000 after acquiring an additional 345 shares in the last quarter. D.A. Davidson & CO. raised its position in First Trust Nasdaq Bank ETF by 7.9% in the third quarter. D.A. Davidson & CO. now owns 8,154 shares of the company’s stock worth $237,000 after acquiring an additional 600 shares in the last quarter. Commonwealth Equity Services LLC raised its position in First Trust Nasdaq Bank ETF by 4.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 16,046 shares of the company’s stock worth $510,000 after acquiring an additional 638 shares in the last quarter. Finally, Wagner Wealth Management LLC raised its position in First Trust Nasdaq Bank ETF by 0.5% in the fourth quarter. Wagner Wealth Management LLC now owns 167,920 shares of the company’s stock worth $5,341,000 after acquiring an additional 855 shares in the last quarter.

First Trust Nasdaq Bank ETF Price Performance

Shares of FTXO stock traded up $0.20 during trading hours on Monday, hitting $30.08. The stock had a trading volume of 30,041 shares, compared to its average volume of 42,766. The firm has a market capitalization of $206.04 million, a PE ratio of 13.83 and a beta of 1.11. First Trust Nasdaq Bank ETF has a twelve month low of $24.72 and a twelve month high of $35.58. The stock’s 50 day moving average is $32.88 and its 200 day moving average is $31.87.

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.