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

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 6 shares, a drop of 99.4% from the December 31st total of 1,066 shares. Based on an average daily volume of 30,860 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the company are sold short. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 30,860 shares, the short-interest ratio is presently 0.0 days.

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

Institutional investors have recently added to or reduced their stakes in the stock. Osaic Holdings Inc. lifted its holdings in First Trust Nasdaq Oil & Gas ETF by 155.0% in the second quarter. Osaic Holdings Inc. now owns 245,169 shares of the company’s stock valued at $6,677,000 after acquiring an additional 149,042 shares during the period. Royal Bank of Canada raised its position in shares of First Trust Nasdaq Oil & Gas ETF by 563.3% in the first quarter. Royal Bank of Canada now owns 51,066 shares of the company’s stock valued at $1,546,000 after buying an additional 43,367 shares during the last quarter. Sigma Planning Corp purchased a new position in shares of First Trust Nasdaq Oil & Gas ETF during the 2nd quarter worth $556,000. Mariner LLC acquired a new stake in First Trust Nasdaq Oil & Gas ETF in the 3rd quarter worth about $340,000. Finally, Cetera Investment Advisers grew its holdings in First Trust Nasdaq Oil & Gas ETF by 6.6% in the second quarter. Cetera Investment Advisers now owns 130,120 shares of the company’s stock valued at $3,541,000 after purchasing an additional 8,002 shares during the period.

First Trust Nasdaq Oil & Gas ETF Price Performance

NASDAQ FTXN traded up $0.19 during trading hours on Wednesday, reaching $30.77. The company’s stock had a trading volume of 16,911 shares, compared to its average volume of 32,728. The company’s 50-day moving average is $28.57 and its two-hundred day moving average is $28.14. First Trust Nasdaq Oil & Gas ETF has a 1-year low of $23.43 and a 1-year high of $31.00. The firm has a market capitalization of $103.08 million, a price-to-earnings ratio of 11.81 and a beta of 0.76.

First Trust Nasdaq Oil & Gas ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a dividend of $0.218 per share. This represents a $0.87 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Friday, December 12th. This is an increase from First Trust Nasdaq Oil & Gas ETF’s previous quarterly dividend of $0.18.

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.