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

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) saw a large decrease in short interest in the month of February. As of February 27th, there was short interest totaling 1,010 shares, a decrease of 19.5% from the February 12th total of 1,254 shares. Based on an average daily volume of 23,933 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are sold short. Currently, 0.0% of the shares of the stock are sold short. Based on an average daily volume of 23,933 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On First Trust Nasdaq Oil & Gas ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Hazlett Burt & Watson Inc. bought a new stake in shares of First Trust Nasdaq Oil & Gas ETF in the 4th quarter worth about $25,000. Hilton Head Capital Partners LLC acquired a new stake in shares of First Trust Nasdaq Oil & Gas ETF during the fourth quarter worth approximately $27,000. Parallel Advisors LLC acquired a new stake in shares of First Trust Nasdaq Oil & Gas ETF during the fourth quarter worth approximately $35,000. NBC Securities Inc. raised its stake in shares of First Trust Nasdaq Oil & Gas ETF by 20.3% in the fourth quarter. NBC Securities Inc. now owns 2,229 shares of the company’s stock valued at $62,000 after acquiring an additional 376 shares during the last quarter. Finally, Sound Income Strategies LLC acquired a new position in shares of First Trust Nasdaq Oil & Gas ETF in the 4th quarter worth approximately $71,000.

First Trust Nasdaq Oil & Gas ETF Trading Up 0.3%

FTXN stock traded up $0.10 during trading on Friday, hitting $36.06. The company had a trading volume of 34,777 shares, compared to its average volume of 52,926. The company has a fifty day moving average price of $32.18 and a two-hundred day moving average price of $29.53. The company has a market cap of $124.41 million, a P/E ratio of 11.81 and a beta of 0.76. First Trust Nasdaq Oil & Gas ETF has a fifty-two week low of $23.43 and a fifty-two week high of $36.37.

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.