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Fed finalizes changes to bank stress tests
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The investment objective of the Fund is to seek investment results that correspond generally to the price and yield, before fees and expenses, of an equity index called the Nasdaq US Smart Banks Index. The Nasdaq US Smart Sector Index Family tracks a number of United States (US) economicsectors and selects securities for each sector based upon liquidity and then ranks the securities based on a three factor methodology incorporating volatility, value and growth. The Nasdaq US Smart Sector Index Family is a modified factor weighted index.The value of the Index equals the aggregate value of the Index share weights, also known as the Index Shares, of each of the Index Securities multiplied by each such security s Last Sale Price, and divided by the divisor of the Index. The divisor serves the purpose of scaling such aggregate value to a lower order of magnitude whichis more desirable for reporting purposes. The Indexes began on July 8, 2016 at a base value of 1000. Index eligibility is limited to specific security types only. The security types eligible for the Index include common stocks, ordinary shares, depositary receipts (both American and Global), depositary shares, shares of beneficial interest or limited partnership interests and tracking stocks.
First Trust Nasdaq Bank ETF trades on the NASDAQ stock market under the symbol FTXO.
As of September 30, 2026, FTXO stock price declined to $38.72 with 85,702 million shares trading.
FTXO has a beta of 0.60, meaning it tends to be less sensitive to market movements. FTXO has a correlation of 0.12 to the broad based SPY ETF.
FTXO has a market cap of $274.91 million. This is considered a Small Cap stock.
In the last 3 years, FTXO traded as high as $44.12 and as low as $18.94.
FTXO has underperformed the market in the last year with a price return of +10.0% while the SPY ETF gained +16.6%. FTXO has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -6.4% and -6.9%, respectively, while the SPY returned +3.7% and +1.4%, respectively.
FTXO support price is $38.39 and resistance is $39.39 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that FTXO shares will trade within this expected range on the day.