Short Interest in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Grows By 220.0%

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) was the target of a large growth in short interest in the month of November. As of November 15th, there was short interest totalling 1,600 shares, a growth of 220.0% from the October 31st total of 500 shares. Based on an average trading volume of 45,700 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. International Assets Investment Management LLC boosted its position in First Trust Nasdaq Oil & Gas ETF by 7,106.9% in the 3rd quarter. International Assets Investment Management LLC now owns 4,163,701 shares of the company’s stock valued at $127,214,000 after buying an additional 4,105,927 shares during the period. Commonwealth Equity Services LLC grew its stake in First Trust Nasdaq Oil & Gas ETF by 5.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 167,516 shares of the company’s stock worth $5,170,000 after purchasing an additional 8,234 shares in the last quarter. Cetera Investment Advisers increased its holdings in First Trust Nasdaq Oil & Gas ETF by 182.4% during the 1st quarter. Cetera Investment Advisers now owns 119,419 shares of the company’s stock worth $3,857,000 after purchasing an additional 77,133 shares during the period. Truist Financial Corp increased its holdings in First Trust Nasdaq Oil & Gas ETF by 176.5% during the 2nd quarter. Truist Financial Corp now owns 101,178 shares of the company’s stock worth $3,122,000 after purchasing an additional 64,583 shares during the period. Finally, Stifel Financial Corp raised its position in First Trust Nasdaq Oil & Gas ETF by 2.1% in the 3rd quarter. Stifel Financial Corp now owns 58,725 shares of the company’s stock valued at $1,700,000 after purchasing an additional 1,215 shares in the last quarter.

First Trust Nasdaq Oil & Gas ETF Stock Performance

Shares of NASDAQ FTXN traded up $0.05 during trading on Wednesday, reaching $31.68. The stock had a trading volume of 20,393 shares, compared to its average volume of 53,337. The business’s 50-day moving average price is $30.23 and its 200-day moving average price is $30.34. First Trust Nasdaq Oil & Gas ETF has a fifty-two week low of $26.60 and a fifty-two week high of $33.72. The company has a market cap of $180.58 million, a P/E ratio of 6.47 and a beta of 1.44.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a dividend of $0.203 per share. The ex-dividend date was Thursday, September 26th. This represents a $0.81 annualized dividend and a dividend yield of 2.56%.

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.