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

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 trading volume of 43,000 shares, the short-interest ratio is presently 0.0 days.

First Trust Nasdaq Oil & Gas ETF Stock Down 1.2 %

FTXN traded down $0.35 during trading on Tuesday, reaching $28.45. The stock had a trading volume of 85,631 shares, compared to its average volume of 52,613. The stock has a 50 day moving average of $30.47 and a two-hundred day moving average of $30.28. The firm has a market capitalization of $162.17 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.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be given a dividend of $0.1768 per share. The ex-dividend date is Friday, December 13th.

Institutional Trading of First Trust Nasdaq Oil & Gas ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. International Assets Investment Management LLC raised its holdings in First Trust Nasdaq Oil & Gas ETF by 7,106.9% during the 3rd quarter. International Assets Investment Management LLC now owns 4,163,701 shares of the company’s stock worth $127,214,000 after buying an additional 4,105,927 shares during the period. Commonwealth Equity Services LLC grew its holdings in shares of First Trust Nasdaq Oil & Gas ETF by 5.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 167,516 shares of the company’s stock valued at $5,170,000 after acquiring an additional 8,234 shares in the last quarter. Truist Financial Corp raised its holdings in shares of 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 acquiring an additional 64,583 shares in the last quarter. Stifel Financial Corp raised 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 valued at $1,700,000 after acquiring an additional 1,215 shares in the last quarter. Finally, Total Clarity Wealth Management Inc. increased its stake in shares of First Trust Nasdaq Oil & Gas ETF by 39.7% during the 2nd 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 last quarter.

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.