First Trust Nasdaq Oil & Gas ETF (NYSEARCA:FTXN) dropped 1% during mid-day trading on Thursday . The stock traded as low as $21.85 and last traded at $21.91. Approximately 230,340 shares traded hands during trading, a decline of 48% from the average daily volume of 443,271 shares. The stock had previously closed at $22.13.
The firm’s 50 day moving average is $20.16 and its 200-day moving average is $18.73.
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