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

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) saw a significant increase in short interest during the month of August. As of August 14th, there was short interest totaling 49,911 shares, an increase of 994.8% from the July 30th total of 4,559 shares. Based on an average daily trading volume, of 61,305 shares, the days-to-cover ratio is presently 0.8 days. Approximately 1.1% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Adamsbrown Wealth Consultants LLC raised its holdings in shares of First Trust Nasdaq Oil & Gas ETF by 2.1% in the second quarter. Adamsbrown Wealth Consultants LLC now owns 16,524 shares of the company’s stock worth $552,000 after buying an additional 344 shares during the last quarter. NBC Securities Inc. grew its holdings in shares of First Trust Nasdaq Oil & Gas ETF by 20.3% during the fourth quarter. NBC Securities Inc. now owns 2,229 shares of the company’s stock valued at $62,000 after buying an additional 376 shares during the last quarter. MML Investors Services LLC increased its position in shares of First Trust Nasdaq Oil & Gas ETF by 5.0% in the 4th quarter. MML Investors Services LLC now owns 14,101 shares of the company’s stock valued at $394,000 after acquiring an additional 669 shares during the period. Rockefeller Capital Management L.P. increased its position in shares of First Trust Nasdaq Oil & Gas ETF by 8.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 9,760 shares of the company’s stock valued at $273,000 after acquiring an additional 785 shares during the period. Finally, Hazlett Burt & Watson Inc. acquired a new position in shares of First Trust Nasdaq Oil & Gas ETF in the 4th quarter valued at $25,000.

First Trust Nasdaq Oil & Gas ETF Trading Down 1.7%

Shares of FTXN stock traded down $0.68 during trading hours on Tuesday, reaching $39.26. 50,237 shares of the company’s stock were exchanged, compared to its average volume of 555,815. First Trust Nasdaq Oil & Gas ETF has a 1 year low of $26.46 and a 1 year high of $40.86. The stock has a market cap of $170.78 million, a PE ratio of 11.81 and a beta of 0.47. The stock’s fifty day moving average price is $36.30 and its two-hundred day moving average price is $36.08.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.1168 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.47 dividend on an annualized basis and a yield of 1.2%.

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.