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

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) was the target of a significant decline in short interest in the month of November. As of November 30th, there was short interest totalling 1,400 shares, a decline of 12.5% from the November 15th total of 1,600 shares. Based on an average daily trading volume, of 43,000 shares, the short-interest ratio is presently 0.0 days.

First Trust Nasdaq Oil & Gas ETF Trading Down 1.2 %

NASDAQ FTXN traded down $0.35 on Tuesday, hitting $28.45. 85,631 shares of the company’s stock traded hands, compared to its average volume of 52,613. The firm has a market capitalization of $162.17 million, a PE ratio of 6.47 and a beta of 1.44. First Trust Nasdaq Oil & Gas ETF has a 1-year low of $26.60 and a 1-year high of $33.72. The firm’s 50-day moving average price is $30.47 and its two-hundred day moving average price is $30.28.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be given a dividend of $0.1768 per share. The ex-dividend date of this dividend is Friday, December 13th.

Institutional Trading of First Trust Nasdaq Oil & Gas ETF

Several institutional investors have recently modified their holdings of FTXN. Adamsbrown Wealth Consultants LLC acquired a new stake in shares of First Trust Nasdaq Oil & Gas ETF in the third quarter worth approximately $216,000. Centaurus Financial Inc. grew its stake in shares of First Trust Nasdaq Oil & Gas ETF by 6.2% in the 3rd quarter. Centaurus Financial Inc. now owns 8,575 shares of the company’s stock valued at $248,000 after buying an additional 504 shares during the period. Tudor Financial Inc. purchased a new stake in shares of First Trust Nasdaq Oil & Gas ETF during the 3rd quarter valued at approximately $275,000. MML Investors Services LLC lifted its holdings in First Trust Nasdaq Oil & Gas ETF by 3.6% in the third quarter. MML Investors Services LLC now owns 10,760 shares of the company’s stock valued at $312,000 after acquiring an additional 378 shares during the last quarter. Finally, Stevard LLC purchased a new position in First Trust Nasdaq Oil & Gas ETF in the second quarter worth approximately $363,000.

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.