First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Short Interest Down 65.8% in May

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) was the recipient of a significant decrease in short interest in May. As of May 29th, there was short interest totaling 56,305 shares, a decrease of 65.8% from the May 14th total of 164,492 shares. Based on an average daily volume of 88,842 shares, the short-interest ratio is currently 0.6 days. Currently, 1.4% of the company’s shares are sold short.

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

Several large investors have recently bought and sold shares of the company. Parallel Advisors LLC increased its stake in First Trust Nasdaq Oil & Gas ETF by 418.5% in the first quarter. Parallel Advisors LLC now owns 6,538 shares of the company’s stock valued at $252,000 after purchasing an additional 5,277 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in First Trust Nasdaq Oil & Gas ETF by 2,540.0% in the first quarter. Geneos Wealth Management Inc. now owns 2,640 shares of the company’s stock valued at $102,000 after purchasing an additional 2,540 shares in the last quarter. Kestra Advisory Services LLC increased its stake in First Trust Nasdaq Oil & Gas ETF by 8.7% in the first quarter. Kestra Advisory Services LLC now owns 25,369 shares of the company’s stock valued at $979,000 after purchasing an additional 2,030 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in First Trust Nasdaq Oil & Gas ETF by 65.5% in the first quarter. Janney Montgomery Scott LLC now owns 19,367 shares of the company’s stock valued at $748,000 after purchasing an additional 7,668 shares in the last quarter. Finally, Kestra Private Wealth Services LLC acquired a new position in shares of First Trust Nasdaq Oil & Gas ETF in the first quarter valued at approximately $236,000.

First Trust Nasdaq Oil & Gas ETF Stock Performance

Shares of NASDAQ:FTXN opened at $36.58 on Thursday. First Trust Nasdaq Oil & Gas ETF has a 52 week low of $26.46 and a 52 week high of $40.13. The company has a market capitalization of $151.81 million, a PE ratio of 11.81 and a beta of 0.46. The company has a 50 day moving average price of $36.52 and a two-hundred day moving average price of $33.29.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a $0.1366 dividend. This represents a $0.55 annualized dividend and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, March 26th.

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.