First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Sees Significant Increase in Short Interest

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) saw a large increase in short interest in the month of July. As of July 15th, there was short interest totaling 6,465 shares, an increase of 153.7% from the June 30th total of 2,548 shares. Based on an average trading volume of 123,287 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Trading of First Trust Nasdaq Oil & Gas ETF

Several institutional investors and hedge funds have recently bought and sold shares of FTXN. WCG Wealth Advisors LLC bought a new position in shares of First Trust Nasdaq Oil & Gas ETF during the 4th quarter worth approximately $2,002,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in shares of First Trust Nasdaq Oil & Gas ETF during the 4th quarter worth approximately $471,000. Concurrent Investment Advisors LLC bought a new stake in First Trust Nasdaq Oil & Gas ETF in the 4th quarter valued at $227,000. NBC Securities Inc. raised its stake in First Trust Nasdaq Oil & Gas ETF by 20.3% in the 4th quarter. NBC Securities Inc. now owns 2,229 shares of the company’s stock valued at $62,000 after acquiring an additional 376 shares during the period. Finally, Sound Income Strategies LLC bought a new stake in First Trust Nasdaq Oil & Gas ETF in the 4th quarter valued at $71,000.

First Trust Nasdaq Oil & Gas ETF Trading Up 2.5%

Shares of First Trust Nasdaq Oil & Gas ETF stock traded up $0.90 during trading on Wednesday, hitting $36.74. 61,412 shares of the stock were exchanged, compared to its average volume of 622,701. The stock has a market capitalization of $163.49 million, a price-to-earnings ratio of 11.81 and a beta of 0.47. The company has a fifty day moving average price of $35.50 and a 200-day moving average price of $34.92. First Trust Nasdaq Oil & Gas ETF has a 1-year low of $26.46 and a 1-year high of $40.13.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a dividend of $0.1168 per share. The ex-dividend date was Thursday, June 25th. This represents a $0.47 dividend on an annualized basis and a yield of 1.3%.

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.