First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Short Interest Update

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) saw a large growth in short interest during the month of January. As of January 31st, there was short interest totalling 15,200 shares, a growth of 270.7% from the January 15th total of 4,100 shares. Based on an average daily volume of 43,800 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of First Trust Nasdaq Oil & Gas ETF

Hedge funds and other institutional investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. acquired a new stake in shares of First Trust Nasdaq Oil & Gas ETF during the fourth quarter valued at about $34,000. Geneos Wealth Management Inc. bought a new stake in First Trust Nasdaq Oil & Gas ETF in the fourth quarter valued at $45,000. Global Retirement Partners LLC raised its stake in First Trust Nasdaq Oil & Gas ETF by 108.1% during the 4th quarter. Global Retirement Partners LLC now owns 2,895 shares of the company’s stock worth $83,000 after buying an additional 1,504 shares during the period. U.S. Capital Wealth Advisors LLC bought a new position in shares of First Trust Nasdaq Oil & Gas ETF in the 4th quarter worth $234,000. Finally, Adamsbrown Wealth Consultants LLC increased its position in shares of First Trust Nasdaq Oil & Gas ETF by 11.6% during the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 8,322 shares of the company’s stock worth $239,000 after acquiring an additional 866 shares in the last quarter.

First Trust Nasdaq Oil & Gas ETF Stock Down 3.0 %

Shares of FTXN traded down $0.90 on Wednesday, hitting $29.42. The company’s stock had a trading volume of 20,426 shares, compared to its average volume of 43,972. The firm has a market capitalization of $160.34 million, a price-to-earnings ratio of 6.47 and a beta of 1.44. The firm’s fifty day moving average price is $29.71 and its 200-day moving average price is $29.99. First Trust Nasdaq Oil & Gas ETF has a fifty-two week low of $27.46 and a fifty-two week high of $33.72.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

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

First Trust Nasdaq Oil & Gas ETF Company Profile

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.