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

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) was the recipient of a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 10,537 shares, a growth of 175,516.7% from the January 15th total of 6 shares. Based on an average daily trading volume, of 37,132 shares, the short-interest ratio is currently 0.3 days. Approximately 0.3% of the shares of the company are sold short. Approximately 0.3% of the shares of the company are sold short. Based on an average daily trading volume, of 37,132 shares, the short-interest ratio is currently 0.3 days.

First Trust Nasdaq Oil & Gas ETF Stock Performance

Shares of FTXN traded down $0.16 during midday trading on Tuesday, hitting $32.72. 17,310 shares of the stock traded hands, compared to its average volume of 31,374. First Trust Nasdaq Oil & Gas ETF has a 1-year low of $23.43 and a 1-year high of $32.93. The business’s 50 day moving average price is $29.20 and its two-hundred day moving average price is $28.40. The firm has a market capitalization of $112.88 million, a PE ratio of 11.81 and a beta of 0.76.

First Trust Nasdaq Oil & Gas ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a dividend of $0.218 per share. 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 dividend yield of 2.7%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Osaic Holdings Inc. raised its stake in shares of First Trust Nasdaq Oil & Gas ETF by 155.0% during the 2nd quarter. Osaic Holdings Inc. now owns 245,169 shares of the company’s stock worth $6,677,000 after purchasing an additional 149,042 shares in the last quarter. Sigma Planning Corp bought a new stake in First Trust Nasdaq Oil & Gas ETF in the second quarter worth approximately $556,000. Cetera Investment Advisers increased its stake in shares of First Trust Nasdaq Oil & Gas ETF by 6.6% during the 2nd quarter. Cetera Investment Advisers now owns 130,120 shares of the company’s stock worth $3,541,000 after purchasing an additional 8,002 shares during the last quarter. Centaurus Financial Inc. raised its holdings in shares of First Trust Nasdaq Oil & Gas ETF by 6.9% during the 2nd quarter. Centaurus Financial Inc. now owns 10,310 shares of the company’s stock valued at $281,000 after purchasing an additional 669 shares in the last quarter. Finally, Hazlett Burt & Watson Inc. acquired a new stake in shares of First Trust Nasdaq Oil & Gas ETF in the 4th quarter valued at $25,000.

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.