First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Sees Significant Increase in Short Interest

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) saw a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 4,700 shares, a growth of 327.3% from the December 31st total of 1,100 shares. Based on an average daily trading volume, of 42,000 shares, the short-interest ratio is presently 0.1 days.

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

Hedge funds have recently made changes to their positions in the company. Geneos Wealth Management Inc. purchased a new stake in First Trust Nasdaq Oil & Gas ETF during the 4th quarter valued at approximately $45,000. Adamsbrown Wealth Consultants LLC acquired a new stake in shares of First Trust Nasdaq Oil & Gas ETF during the third quarter worth $216,000. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of First Trust Nasdaq Oil & Gas ETF during the fourth quarter worth $234,000. Centaurus Financial Inc. grew its position in First Trust Nasdaq Oil & Gas ETF by 6.2% in the 3rd quarter. Centaurus Financial Inc. now owns 8,575 shares of the company’s stock valued at $248,000 after buying an additional 504 shares during the last quarter. Finally, Tudor Financial Inc. acquired a new position in First Trust Nasdaq Oil & Gas ETF in the 3rd quarter valued at $275,000.

First Trust Nasdaq Oil & Gas ETF Stock Up 0.0 %

First Trust Nasdaq Oil & Gas ETF stock traded up $0.01 during trading on Thursday, reaching $30.09. The stock had a trading volume of 11,885 shares, compared to its average volume of 46,399. The stock has a market cap of $162.49 million, a PE ratio of 6.47 and a beta of 1.44. The business has a 50 day moving average price of $30.06 and a 200 day moving average price of $30.08. First Trust Nasdaq Oil & Gas ETF has a 52-week low of $27.46 and a 52-week high of $33.72.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a $0.1768 dividend. 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.