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

by · The Cerbat Gem

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN – Get Free Report) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totaling 4,540 shares, a drop of 90.9% from the August 15th total of 49,911 shares. Based on an average daily trading volume, of 35,958 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the company’s stock are sold short.

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

A number of institutional investors have recently modified their holdings of 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. Citadel Advisors LLC increased its holdings in shares of First Trust Nasdaq Oil & Gas ETF by 405.7% in the 2nd quarter. Citadel Advisors LLC now owns 63,049 shares of the company’s stock worth $2,108,000 after acquiring an additional 50,582 shares during the period. Royal Bank of Canada increased its holdings in shares of First Trust Nasdaq Oil & Gas ETF by 563.3% in the 1st quarter. Royal Bank of Canada now owns 51,066 shares of the company’s stock worth $1,546,000 after acquiring an additional 43,367 shares during the period. Tudor Financial Inc. acquired a new stake in shares of First Trust Nasdaq Oil & Gas ETF in the 2nd quarter worth about $860,000. Finally, Bank Julius Baer & Co. Ltd Zurich bought a new stake in First Trust Nasdaq Oil & Gas ETF in the 4th quarter valued at about $471,000.

First Trust Nasdaq Oil & Gas ETF Price Performance

Shares of NASDAQ:FTXN traded down $0.12 during midday trading on Thursday, reaching $41.15. The company had a trading volume of 60,143 shares, compared to its average volume of 523,211. The stock has a market capitalization of $179.00 million, a P/E ratio of 11.81 and a beta of 0.48. The stock’s fifty day moving average price is $37.94 and its 200-day moving average price is $36.71. First Trust Nasdaq Oil & Gas ETF has a one year low of $26.46 and a one year high of $41.91.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders 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 1.1%. The ex-dividend date of this dividend was Thursday, June 25th.

About First Trust Nasdaq Oil & Gas ETF

(Get Free Report)

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.

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