Short Interest in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Declines By 12.5%

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) saw a large decrease in short interest in the month of November. As of November 30th, there was short interest totalling 1,400 shares, a decrease of 12.5% from the November 15th total of 1,600 shares. Based on an average daily volume of 43,000 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On First Trust Nasdaq Oil & Gas ETF

A number of hedge funds have recently added to or reduced their stakes in FTXN. International Assets Investment Management LLC boosted its position in First Trust Nasdaq Oil & Gas ETF by 7,106.9% during the third quarter. International Assets Investment Management LLC now owns 4,163,701 shares of the company’s stock worth $127,214,000 after purchasing an additional 4,105,927 shares during the period. Commonwealth Equity Services LLC boosted its position in First Trust Nasdaq Oil & Gas ETF by 5.2% during the second quarter. Commonwealth Equity Services LLC now owns 167,516 shares of the company’s stock worth $5,170,000 after purchasing an additional 8,234 shares during the period. Truist Financial Corp boosted its position in First Trust Nasdaq Oil & Gas ETF by 176.5% during the second quarter. Truist Financial Corp now owns 101,178 shares of the company’s stock worth $3,122,000 after purchasing an additional 64,583 shares during the period. Stifel Financial Corp boosted its position in First Trust Nasdaq Oil & Gas ETF by 2.1% during the third quarter. Stifel Financial Corp now owns 58,725 shares of the company’s stock worth $1,700,000 after purchasing an additional 1,215 shares during the period. Finally, Total Clarity Wealth Management Inc. boosted its position in First Trust Nasdaq Oil & Gas ETF by 39.7% during the second quarter. Total Clarity Wealth Management Inc. now owns 26,756 shares of the company’s stock worth $826,000 after purchasing an additional 7,609 shares during the period.

First Trust Nasdaq Oil & Gas ETF Stock Down 0.7 %

Shares of FTXN traded down $0.20 during trading hours on Tuesday, reaching $28.60. The company’s stock had a trading volume of 88,289 shares, compared to its average volume of 52,622. The firm has a market cap of $163.02 million, a price-to-earnings ratio of 6.47 and a beta of 1.44. First Trust Nasdaq Oil & Gas ETF has a 1-year low of $26.60 and a 1-year high of $33.72. The company has a 50 day moving average of $30.47 and a two-hundred day moving average of $30.28.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.1768 dividend. The ex-dividend date of this dividend is 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.