Short Interest in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Decreases By 95.2%

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) was the recipient of a large decrease in short interest in the month of June. As of June 30th, there was short interest totaling 2,548 shares, a decrease of 95.2% from the June 15th total of 53,104 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average trading volume of 4,117,106 shares, the days-to-cover ratio is currently 0.0 days.

First Trust Nasdaq Oil & Gas ETF Trading Up 0.1%

FTXN stock traded up $0.05 during mid-day trading on Friday, hitting $34.80. 75,567 shares of the company were exchanged, compared to its average volume of 678,841. First Trust Nasdaq Oil & Gas ETF has a 1-year low of $26.46 and a 1-year high of $40.13. The stock has a market capitalization of $167.04 million, a PE ratio of 11.81 and a beta of 0.47. The business has a 50 day simple moving average of $35.56 and a 200-day simple moving average of $34.15.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a dividend of $0.1168 per share. This represents a $0.47 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Adamsbrown Wealth Consultants LLC lifted its holdings in shares of First Trust Nasdaq Oil & Gas ETF by 2.1% during the second quarter. Adamsbrown Wealth Consultants LLC now owns 16,524 shares of the company’s stock worth $552,000 after buying an additional 344 shares in the last quarter. NBC Securities Inc. grew 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 valued at $62,000 after acquiring an additional 376 shares in the last quarter. MML Investors Services LLC increased its position in First Trust Nasdaq Oil & Gas ETF by 5.0% during the fourth quarter. MML Investors Services LLC now owns 14,101 shares of the company’s stock worth $394,000 after acquiring an additional 669 shares during the period. Rockefeller Capital Management L.P. increased its position in First Trust Nasdaq Oil & Gas ETF by 8.7% during the fourth quarter. Rockefeller Capital Management L.P. now owns 9,760 shares of the company’s stock worth $273,000 after acquiring an additional 785 shares during the period. Finally, Hazlett Burt & Watson Inc. acquired a new stake in First Trust Nasdaq Oil & Gas ETF in the 4th quarter worth about $25,000.

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.