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

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) saw a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 1,254 shares, a decrease of 88.1% from the January 29th total of 10,537 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 25,382 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 25,382 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

First Trust Nasdaq Oil & Gas ETF Price Performance

Shares of NASDAQ:FTXN traded up $0.61 during trading on Friday, reaching $34.61. 21,442 shares of the company’s stock traded hands, compared to its average volume of 29,660. The stock has a market capitalization of $119.40 million, a P/E ratio of 11.81 and a beta of 0.76. First Trust Nasdaq Oil & Gas ETF has a 12 month low of $23.43 and a 12 month high of $34.66. The company has a 50 day moving average of $30.67 and a 200-day moving average of $28.98.

First Trust Nasdaq Oil & Gas ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were issued a dividend of $0.218 per share. This represents a $0.87 annualized dividend and a dividend yield of 2.5%. This is a boost from First Trust Nasdaq Oil & Gas ETF’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, December 12th.

Institutional Trading of First Trust Nasdaq Oil & Gas ETF

Several hedge funds have recently made changes to their positions in the stock. Osaic Holdings Inc. grew 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 worth $6,677,000 after buying an additional 149,042 shares during the last quarter. Sigma Planning Corp bought a new stake in First Trust Nasdaq Oil & Gas ETF in the second quarter valued at $556,000. Cetera Investment Advisers boosted its holdings in shares of 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 valued at $3,541,000 after acquiring an additional 8,002 shares during the period. Quantinno Capital Management LP grew its position in shares of 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 last quarter. Finally, Mariner LLC bought a new position in shares of First Trust Nasdaq Oil & Gas ETF during the third quarter worth about $340,000.

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.