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

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) was the target of a large growth in short interest in February. As of February 15th, there was short interest totalling 40,400 shares, a growth of 165.8% from the January 31st total of 15,200 shares. Based on an average daily volume of 40,600 shares, the days-to-cover ratio is presently 1.0 days.

First Trust Nasdaq Oil & Gas ETF Trading Up 1.3 %

Shares of FTXN traded up $0.39 during trading hours on Friday, reaching $29.82. The company had a trading volume of 30,951 shares, compared to its average volume of 40,391. The firm has a 50 day simple moving average of $29.85 and a 200-day simple moving average of $29.97. The company has a market capitalization of $162.52 million, a price-to-earnings ratio of 6.47 and a beta of 1.44. First Trust Nasdaq Oil & Gas ETF has a 12-month low of $27.46 and a 12-month high of $33.72.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a $0.1768 dividend. The ex-dividend date of this dividend was Friday, December 13th.

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

Large investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. purchased a new position in shares of First Trust Nasdaq Oil & Gas ETF in the 4th quarter valued at about $34,000. Geneos Wealth Management Inc. purchased a new position in First Trust Nasdaq Oil & Gas ETF during the 4th quarter valued at about $45,000. Global Retirement Partners LLC increased its holdings in First Trust Nasdaq Oil & Gas ETF by 108.1% during the 4th quarter. Global Retirement Partners LLC now owns 2,895 shares of the company’s stock valued at $83,000 after acquiring an additional 1,504 shares in the last quarter. EP Wealth Advisors LLC purchased a new position in First Trust Nasdaq Oil & Gas ETF during the 4th quarter valued at about $132,000. Finally, Huntington National Bank purchased a new position in First Trust Nasdaq Oil & Gas ETF during the 4th quarter valued at about $125,000.

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.