Short Interest in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Expands By 327.3%

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXNGet Free Report) saw a significant growth in short interest in January. As of January 15th, there was short interest totalling 4,700 shares, a growth of 327.3% from the December 31st total of 1,100 shares. Based on an average daily volume of 42,000 shares, the short-interest ratio is presently 0.1 days.

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

A number of hedge funds and other institutional investors have recently modified their holdings of FTXN. International Assets Investment Management LLC lifted its position in First Trust Nasdaq Oil & Gas ETF by 7,106.9% during 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 during the period. Truist Financial Corp boosted its position in shares of First Trust Nasdaq Oil & Gas ETF by 176.5% in the second quarter. Truist Financial Corp now owns 101,178 shares of the company’s stock worth $3,122,000 after acquiring an additional 64,583 shares during the last quarter. Total Clarity Wealth Management Inc. grew its holdings in First Trust Nasdaq Oil & Gas ETF by 49.3% in the fourth quarter. Total Clarity Wealth Management Inc. now owns 43,120 shares of the company’s stock valued at $1,240,000 after purchasing an additional 14,235 shares during the period. Tudor Financial Inc. acquired a new position in First Trust Nasdaq Oil & Gas ETF during the third quarter worth approximately $275,000. Finally, U.S. Capital Wealth Advisors LLC purchased a new position in First Trust Nasdaq Oil & Gas ETF during the fourth quarter worth approximately $234,000.

First Trust Nasdaq Oil & Gas ETF Stock Up 0.5 %

Shares of FTXN traded up $0.15 during mid-day trading on Wednesday, reaching $30.16. 6,571 shares of the company’s stock were exchanged, compared to its average volume of 47,103. First Trust Nasdaq Oil & Gas ETF has a 52-week low of $27.46 and a 52-week high of $33.72. The company has a market cap of $162.84 million, a price-to-earnings ratio of 6.47 and a beta of 1.44. The company has a 50-day simple moving average of $30.10 and a two-hundred day simple moving average of $30.08.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.1768 per share. The ex-dividend date of this dividend was Friday, December 13th.

First Trust Nasdaq Oil & Gas ETF Company Profile

(Get Free Report)

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.

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