First Trust Nasdaq Retail ETF (NASDAQ:FTXD) Sees Large Growth in Short Interest

First Trust Nasdaq Retail ETF (NASDAQ:FTXD) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totalling 3,100 shares, a growth of 138.5% from the December 15th total of 1,300 shares. Based on an average trading volume of 10,400 shares, the short-interest ratio is currently 0.3 days.

Shares of FTXD stock opened at $34.24 on Friday. First Trust Nasdaq Retail ETF has a 12-month low of $28.07 and a 12-month high of $39.01. The stock’s 50-day moving average price is $36.36 and its 200-day moving average price is $35.39.

The company also recently announced a quarterly dividend, which was paid on Friday, December 31st. Stockholders of record on Monday, December 27th were issued a $0.035 dividend. The ex-dividend date of this dividend was Thursday, December 23rd. This represents a $0.14 annualized dividend and a dividend yield of 0.41%.

Several hedge funds have recently modified their holdings of the company. Synovus Financial Corp increased its holdings in shares of First Trust Nasdaq Retail ETF by 3.4% in the third quarter. Synovus Financial Corp now owns 9,333 shares of the company’s stock worth $319,000 after purchasing an additional 306 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of First Trust Nasdaq Retail ETF by 5.1% in the second quarter. Envestnet Asset Management Inc. now owns 15,697 shares of the company’s stock worth $534,000 after purchasing an additional 766 shares during the last quarter. Laffer Tengler Investments increased its holdings in shares of First Trust Nasdaq Retail ETF by 25.3% in the second quarter. Laffer Tengler Investments now owns 4,218 shares of the company’s stock worth $143,000 after purchasing an additional 851 shares during the last quarter. CMC Financial Group bought a new stake in shares of First Trust Nasdaq Retail ETF in the second quarter worth about $323,000. Finally, Wells Fargo & Company MN increased its holdings in shares of First Trust Nasdaq Retail ETF by 111.2% in the second quarter. Wells Fargo & Company MN now owns 21,230 shares of the company’s stock worth $722,000 after purchasing an additional 11,178 shares during the last quarter.

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