Short Interest in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Expands By 220.0%

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) saw a significant growth in short interest in the month of November. As of November 15th, there was short interest totalling 1,600 shares, a growth of 220.0% from the October 31st total of 500 shares. Based on an average daily volume of 45,700 shares, the short-interest ratio is presently 0.0 days.

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

A number of institutional investors have recently bought and sold shares of the company. MML Investors Services LLC raised its stake in First Trust Nasdaq Oil & Gas ETF by 3.6% during the third quarter. MML Investors Services LLC now owns 10,760 shares of the company’s stock worth $312,000 after purchasing an additional 378 shares during the period. Centaurus Financial Inc. raised its stake in shares of 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 acquiring an additional 504 shares during the period. Clarus Wealth Advisors raised its stake in shares of First Trust Nasdaq Oil & Gas ETF by 4.9% in the 3rd quarter. Clarus Wealth Advisors now owns 17,268 shares of the company’s stock valued at $537,000 after acquiring an additional 806 shares during the period. Stifel Financial Corp raised its stake in shares of First Trust Nasdaq Oil & Gas ETF by 2.1% in the 3rd 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 during the period. Finally, CWM LLC raised its stake in shares of First Trust Nasdaq Oil & Gas ETF by 2.9% in the 2nd quarter. CWM LLC now owns 45,955 shares of the company’s stock valued at $1,418,000 after acquiring an additional 1,278 shares during the period.

First Trust Nasdaq Oil & Gas ETF Trading Down 0.1 %

FTXN stock traded down $0.04 during trading on Thursday, reaching $31.60. 26,345 shares of the stock were exchanged, compared to its average volume of 53,369. The business has a 50 day moving average price of $30.28 and a 200-day moving average price of $30.35. First Trust Nasdaq Oil & Gas ETF has a 1 year low of $26.60 and a 1 year high of $33.72. The firm has a market capitalization of $180.10 million, a price-to-earnings ratio of 6.47 and a beta of 1.44.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a dividend of $0.203 per share. This represents a $0.81 dividend on an annualized basis and a yield of 2.57%. The ex-dividend date was Thursday, September 26th.

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.