First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Short Interest Update

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) saw a large increase in short interest in the month of August. As of August 14th, there was short interest totaling 49,911 shares, an increase of 994.8% from the July 30th total of 4,559 shares. Based on an average daily volume of 61,305 shares, the days-to-cover ratio is currently 0.8 days. Currently, 1.1% of the shares of the stock are sold short.

First Trust Nasdaq Oil & Gas ETF Price Performance

Shares of First Trust Nasdaq Oil & Gas ETF stock traded down $0.23 during trading on Thursday, hitting $39.26. The stock had a trading volume of 1,516 shares, compared to its average volume of 552,500. The business has a fifty day moving average of $36.41 and a two-hundred day moving average of $36.14. First Trust Nasdaq Oil & Gas ETF has a fifty-two week low of $26.46 and a fifty-two week high of $40.86. The firm has a market cap of $170.78 million, a P/E ratio of 11.81 and a beta of 0.47.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a $0.1168 dividend. This represents a $0.47 annualized dividend and a dividend yield of 1.2%. The ex-dividend date was Thursday, June 25th.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. WCG Wealth Advisors LLC acquired a new stake in First Trust Nasdaq Oil & Gas ETF in the 4th quarter worth approximately $2,002,000. Bank Julius Baer & Co. Ltd Zurich acquired a new position in First Trust Nasdaq Oil & Gas ETF during the fourth quarter valued at approximately $471,000. Hazlett Burt & Watson Inc. bought a new position in shares of First Trust Nasdaq Oil & Gas ETF in the fourth quarter valued at approximately $25,000. Concurrent Investment Advisors LLC bought a new position in shares of First Trust Nasdaq Oil & Gas ETF in the fourth quarter valued at approximately $227,000. Finally, NBC Securities Inc. lifted its stake in shares of First Trust Nasdaq Oil & Gas ETF by 20.3% in the fourth quarter. NBC Securities Inc. now owns 2,229 shares of the company’s stock worth $62,000 after buying an additional 376 shares during the last quarter.

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.