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 during 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 daily trading volume, of 123,287 shares, the short-interest ratio is presently 0.1 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Trading of First Trust Nasdaq Oil & Gas ETF

Several large investors have recently added to or reduced their stakes in FTXN. WCG Wealth Advisors LLC acquired a new position in shares of First Trust Nasdaq Oil & Gas ETF during the fourth quarter valued at $2,002,000. Royal Bank of Canada lifted its holdings in First Trust Nasdaq Oil & Gas ETF by 563.3% in the first quarter. Royal Bank of Canada now owns 51,066 shares of the company’s stock worth $1,546,000 after purchasing an additional 43,367 shares during the period. Bank Julius Baer & Co. Ltd Zurich acquired a new stake in First Trust Nasdaq Oil & Gas ETF in the fourth quarter worth about $471,000. Mariner LLC bought a new position in First Trust Nasdaq Oil & Gas ETF in the 3rd quarter valued at about $340,000. Finally, StoneX Group Inc. bought a new position in First Trust Nasdaq Oil & Gas ETF in the 4th quarter valued at about $248,000.

First Trust Nasdaq Oil & Gas ETF Stock Performance

Shares of First Trust Nasdaq Oil & Gas ETF stock traded down $1.20 during trading hours on Monday, reaching $36.42. The company’s stock had a trading volume of 54,330 shares, compared to its average volume of 630,392. First Trust Nasdaq Oil & Gas ETF has a one year low of $26.46 and a one year high of $40.13. The company’s 50 day simple moving average is $35.59 and its 200 day simple moving average is $34.81. The stock has a market cap of $162.07 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 given a $0.1168 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.47 annualized dividend and a yield of 1.3%.

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.