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

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) was the recipient of a large growth in short interest in September. As of September 15th, there was short interest totaling 28,358 shares, a growth of 524.6% from the August 31st total of 4,540 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average trading volume of 62,508 shares, the short-interest ratio is presently 0.5 days.

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

Several institutional investors and hedge funds have recently bought and sold shares of FTXN. Hazlett Burt & Watson Inc. bought a new position in First Trust Nasdaq Oil & Gas ETF in the 4th quarter valued at about $25,000. Integrated Wealth Concepts LLC bought a new stake in shares of First Trust Nasdaq Oil & Gas ETF during the 2nd quarter worth approximately $32,000. Hilton Head Capital Partners LLC acquired a new stake in shares of First Trust Nasdaq Oil & Gas ETF during the 4th quarter worth approximately $27,000. MCF Advisors LLC acquired a new stake in shares of First Trust Nasdaq Oil & Gas ETF during the 2nd quarter worth approximately $46,000. Finally, Geneos Wealth Management Inc. boosted its position in shares of First Trust Nasdaq Oil & Gas ETF by 2,540.0% during the 1st quarter. Geneos Wealth Management Inc. now owns 2,640 shares of the company’s stock worth $102,000 after acquiring an additional 2,540 shares in the last quarter.

First Trust Nasdaq Oil & Gas ETF Stock Down 1.0%

Shares of NASDAQ:FTXN traded down $0.38 during trading on Friday, reaching $38.60. 36,062,113 shares of the company traded hands, compared to its average volume of 706,849. The company’s 50 day moving average is $39.01 and its two-hundred day moving average is $37.10. The firm has a market capitalization of $156.33 million, a PE ratio of 11.81 and a beta of 0.48. First Trust Nasdaq Oil & Gas ETF has a 52 week low of $26.46 and a 52 week high of $41.96.

First Trust Nasdaq Oil & Gas ETF Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Thursday, September 24th will be paid a $0.2445 dividend. This represents a $0.98 dividend on an annualized basis and a yield of 2.5%. This is a boost from First Trust Nasdaq Oil & Gas ETF’s previous quarterly dividend of $0.1168. The ex-dividend date of this dividend is Thursday, September 24th.

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.