Short Interest in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Declines By 12.5%

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) was the target of a significant decrease in short interest during the month of November. As of November 30th, there was short interest totalling 1,400 shares, a decrease of 12.5% from the November 15th total of 1,600 shares. Based on an average trading volume of 43,000 shares, the short-interest ratio is currently 0.0 days.

First Trust Nasdaq Oil & Gas ETF Trading Down 0.7 %

FTXN stock traded down $0.20 during trading on Tuesday, hitting $28.60. The company had a trading volume of 88,289 shares, compared to its average volume of 52,622. The firm has a market capitalization of $163.02 million, a price-to-earnings ratio of 6.47 and a beta of 1.44. The business has a 50 day moving average of $30.47 and a 200 day moving average of $30.28. First Trust Nasdaq Oil & Gas ETF has a fifty-two week low of $26.60 and a fifty-two week high of $33.72.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be issued a $0.1768 dividend. The ex-dividend date of this dividend is Friday, December 13th.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Adamsbrown Wealth Consultants LLC acquired a new stake in First Trust Nasdaq Oil & Gas ETF in the 3rd quarter valued at about $216,000. Centaurus Financial Inc. raised its holdings in First Trust Nasdaq Oil & Gas ETF by 6.2% during the 3rd quarter. Centaurus Financial Inc. now owns 8,575 shares of the company’s stock worth $248,000 after buying an additional 504 shares during the period. Tudor Financial Inc. acquired a new stake in First Trust Nasdaq Oil & Gas ETF during the 3rd quarter worth about $275,000. MML Investors Services LLC raised its holdings in First Trust Nasdaq Oil & Gas ETF by 3.6% during the 3rd quarter. MML Investors Services LLC now owns 10,760 shares of the company’s stock worth $312,000 after buying an additional 378 shares during the period. Finally, Stevard LLC acquired a new stake in First Trust Nasdaq Oil & Gas ETF during the 2nd quarter worth about $363,000.

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.