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

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) was the target of a large growth in short interest in the month of December. As of December 15th, there was short interest totaling 3,184 shares, a growth of 746.8% from the November 30th total of 376 shares. Currently, 0.1% of the company’s shares are sold short. Based on an average trading volume of 21,416 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 21,416 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the company’s shares are sold short.

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

Several hedge funds and other institutional investors have recently modified their holdings of the business. Mariner LLC acquired a new position in shares of First Trust Nasdaq Oil & Gas ETF in the third quarter valued at approximately $340,000. Osaic Holdings Inc. boosted its stake in 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 valued at $6,677,000 after purchasing an additional 149,042 shares during the last quarter. Centaurus Financial Inc. increased its stake in First Trust Nasdaq Oil & Gas ETF by 6.9% in the 2nd quarter. Centaurus Financial Inc. now owns 10,310 shares of the company’s stock valued at $281,000 after buying an additional 669 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in First Trust Nasdaq Oil & Gas ETF by 19.0% during the second quarter. Quantinno Capital Management LP now owns 23,220 shares of the company’s stock worth $632,000 after acquiring an additional 3,715 shares during the period. Finally, Cetera Investment Advisers increased its holdings in First Trust Nasdaq Oil & Gas ETF by 6.6% during the second quarter. Cetera Investment Advisers now owns 130,120 shares of the company’s stock worth $3,541,000 after buying an additional 8,002 shares during the last quarter.

First Trust Nasdaq Oil & Gas ETF Stock Performance

NASDAQ FTXN traded down $0.06 on Friday, reaching $27.59. The company had a trading volume of 974 shares, compared to its average volume of 29,468. The company’s fifty day moving average is $27.97 and its 200-day moving average is $28.00. First Trust Nasdaq Oil & Gas ETF has a 1-year low of $23.43 and a 1-year high of $31.79. The firm has a market capitalization of $107.60 million, a price-to-earnings ratio of 11.81 and a beta of 0.76.

First Trust Nasdaq Oil & Gas ETF Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be given a $0.218 dividend. The ex-dividend date of this dividend is Friday, December 12th. This is a positive change from First Trust Nasdaq Oil & Gas ETF’s previous quarterly dividend of $0.18. This represents a $0.87 annualized dividend and a dividend yield of 3.2%.

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.