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

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) saw a significant increase in short interest in November. As of November 15th, there was short interest totalling 1,600 shares, an increase 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.

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

Several institutional investors and hedge funds have recently bought and sold shares of FTXN. International Assets Investment Management LLC raised its position in shares of First Trust Nasdaq Oil & Gas ETF by 7,106.9% in the third quarter. International Assets Investment Management LLC now owns 4,163,701 shares of the company’s stock worth $127,214,000 after buying an additional 4,105,927 shares in the last quarter. Cetera Investment Advisers boosted its position 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 valued at $3,857,000 after acquiring an additional 77,133 shares in the last quarter. Truist Financial Corp lifted its holdings in shares of First Trust Nasdaq Oil & Gas ETF by 176.5% during the second quarter. Truist Financial Corp now owns 101,178 shares of the company’s stock valued at $3,122,000 after purchasing an additional 64,583 shares during the last quarter. Cetera Advisors LLC lifted its holdings in shares of First Trust Nasdaq Oil & Gas ETF by 67.6% during the first quarter. Cetera Advisors LLC now owns 52,737 shares of the company’s stock valued at $1,703,000 after purchasing an additional 21,272 shares during the last quarter. Finally, Jaffetilchin Investment Partners LLC purchased a new position in First Trust Nasdaq Oil & Gas ETF in the 1st quarter worth approximately $481,000.

First Trust Nasdaq Oil & Gas ETF Trading Down 0.1 %

Shares of FTXN stock traded down $0.04 during trading on Thursday, hitting $31.60. The company’s stock had a trading volume of 26,345 shares, compared to its average volume of 53,369. The business has a fifty day moving average of $30.28 and a 200-day moving average of $30.35. First Trust Nasdaq Oil & Gas ETF has a 52 week low of $26.60 and a 52 week high of $33.72. The company has a market cap of $180.10 million, a PE ratio of 6.47 and a beta of 1.44.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were issued a dividend of $0.203 per share. This represents a $0.81 annualized dividend and a yield of 2.57%. The ex-dividend date was Thursday, September 26th.

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.