Short Interest in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Drops By 88.1%

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) was the target of a large decrease in short interest in February. As of February 13th, there was short interest totaling 1,254 shares, a decrease of 88.1% from the January 29th total of 10,537 shares. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 25,382 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 25,382 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the stock are sold short.

First Trust Nasdaq Oil & Gas ETF Stock Performance

Shares of NASDAQ FTXN traded down $0.23 during trading on Wednesday, reaching $33.83. The company had a trading volume of 6,286 shares, compared to its average volume of 28,794. First Trust Nasdaq Oil & Gas ETF has a 52 week low of $23.43 and a 52 week high of $34.56. The stock has a market cap of $116.71 million, a PE ratio of 11.81 and a beta of 0.76. The business’s 50 day moving average price is $30.39 and its 200-day moving average price is $28.89.

First Trust Nasdaq Oil & Gas ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a $0.218 dividend. This is a boost from First Trust Nasdaq Oil & Gas ETF’s previous quarterly dividend of $0.18. The ex-dividend date was Friday, December 12th. This represents a $0.87 annualized dividend and a yield of 2.6%.

Institutional Investors Weigh In On First Trust Nasdaq Oil & Gas ETF

Several hedge funds and other institutional investors have recently made changes to their positions in FTXN. Hazlett Burt & Watson Inc. acquired a new position in shares of First Trust Nasdaq Oil & Gas ETF during the fourth quarter valued at $25,000. Hilton Head Capital Partners LLC bought a new stake in First Trust Nasdaq Oil & Gas ETF during the 4th quarter worth about $27,000. Parallel Advisors LLC acquired a new position in First Trust Nasdaq Oil & Gas ETF during the 4th quarter valued at about $35,000. NBC Securities Inc. lifted its position in First Trust Nasdaq Oil & Gas ETF by 20.3% during the 4th quarter. NBC Securities Inc. now owns 2,229 shares of the company’s stock valued at $62,000 after purchasing an additional 376 shares during the period. Finally, Sound Income Strategies LLC bought a new position in shares of First Trust Nasdaq Oil & Gas ETF in the 4th quarter valued at about $71,000.

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.