First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Short Interest Up 327.3% in December

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) saw a significant increase in short interest in December. As of December 31st, there was short interest totalling 4,700 shares, an increase of 327.3% from the December 15th total of 1,100 shares. Based on an average daily trading volume, of 42,000 shares, the short-interest ratio is presently 0.1 days.

Institutional Trading of First Trust Nasdaq Oil & Gas ETF

A number of hedge funds and other institutional investors have recently modified their holdings of FTXN. International Assets Investment Management LLC increased its holdings in First Trust Nasdaq Oil & Gas ETF by 7,106.9% in the third quarter. International Assets Investment Management LLC now owns 4,163,701 shares of the company’s stock valued at $127,214,000 after purchasing an additional 4,105,927 shares during the last quarter. Truist Financial Corp increased its position in shares of First Trust Nasdaq Oil & Gas ETF by 176.5% in the 2nd quarter. Truist Financial Corp now owns 101,178 shares of the company’s stock valued at $3,122,000 after buying an additional 64,583 shares in the last quarter. Stevard LLC acquired a new stake in First Trust Nasdaq Oil & Gas ETF during the 2nd quarter worth $363,000. Tudor Financial Inc. bought a new position in First Trust Nasdaq Oil & Gas ETF during the third quarter worth about $275,000. Finally, Total Clarity Wealth Management Inc. grew its stake in First Trust Nasdaq Oil & Gas ETF by 39.7% in the second quarter. Total Clarity Wealth Management Inc. now owns 26,756 shares of the company’s stock valued at $826,000 after acquiring an additional 7,609 shares during the period.

First Trust Nasdaq Oil & Gas ETF Price Performance

Shares of NASDAQ FTXN traded up $0.44 during trading hours on Tuesday, reaching $30.90. The stock had a trading volume of 129,533 shares, compared to its average volume of 49,017. The business’s fifty day moving average is $30.09 and its two-hundred day moving average is $30.04. The company has a market cap of $168.41 million, a price-to-earnings ratio of 6.47 and a beta of 1.44. First Trust Nasdaq Oil & Gas ETF has a twelve month low of $26.60 and a twelve month high of $33.72.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a dividend of $0.1768 per share. The ex-dividend date was Friday, December 13th.

About First Trust Nasdaq Oil & Gas ETF

The First Trust Nasdaq Oil & Gas ETF (FTXN) is an exchange-traded fund that is based on the NASDAQ US Smart Oil & Gas index. The fund tracks an index composed of 50 US oil and gas companies. Holdings are selected by liquidity and weighted based on volatility, value and growth factors. FTXN was launched on Sep 20, 2016 and is managed by First Trust.