Short Interest in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Decreases By 86.8%

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) was the recipient of a significant drop in short interest during the month of August. As of August 31st, there was short interest totalling 500 shares, a drop of 86.8% from the August 15th total of 3,800 shares. Based on an average daily volume of 54,300 shares, the days-to-cover ratio is currently 0.0 days.

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

Institutional investors and hedge funds have recently bought and sold shares of the company. Principal Securities Inc. purchased a new stake in shares of First Trust Nasdaq Oil & Gas ETF during the 4th quarter valued at approximately $95,000. Janney Montgomery Scott LLC raised its position in First Trust Nasdaq Oil & Gas ETF by 94.0% in the fourth quarter. Janney Montgomery Scott LLC now owns 35,916 shares of the company’s stock valued at $1,016,000 after purchasing an additional 17,403 shares during the period. Wells Fargo & Company MN lifted its stake in shares of First Trust Nasdaq Oil & Gas ETF by 14.2% in the 4th quarter. Wells Fargo & Company MN now owns 333,127 shares of the company’s stock valued at $9,427,000 after purchasing an additional 41,381 shares during the last quarter. D.A. Davidson & CO. grew its holdings in shares of First Trust Nasdaq Oil & Gas ETF by 3.8% during the 4th quarter. D.A. Davidson & CO. now owns 25,903 shares of the company’s stock worth $733,000 after purchasing an additional 952 shares during the period. Finally, Assetmark Inc. increased its position in shares of First Trust Nasdaq Oil & Gas ETF by 70.3% during the 4th quarter. Assetmark Inc. now owns 40,889 shares of the company’s stock worth $1,157,000 after purchasing an additional 16,875 shares during the last quarter.

First Trust Nasdaq Oil & Gas ETF Stock Performance

Shares of NASDAQ FTXN traded up $0.22 during trading on Friday, hitting $28.56. 39,702 shares of the company were exchanged, compared to its average volume of 55,933. The company has a fifty day moving average price of $30.20 and a 200-day moving average price of $30.88. The firm has a market capitalization of $185.61 million, a PE ratio of 6.47 and a beta of 1.44. First Trust Nasdaq Oil & Gas ETF has a 12-month low of $26.60 and a 12-month high of $33.72.

First Trust Nasdaq Oil & Gas ETF Increases Dividend

The company also recently announced a dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were paid a dividend of $0.2021 per share. The ex-dividend date was Thursday, June 27th. This is an increase from First Trust Nasdaq Oil & Gas ETF’s previous dividend of $0.14.

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.