First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Short Interest Update

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) saw a significant decrease in short interest in the month of October. As of October 15th, there was short interest totalling 1,100 shares, a decrease of 60.7% from the September 30th total of 2,800 shares. Based on an average trading volume of 46,700 shares, the short-interest ratio is presently 0.0 days.

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

Large investors have recently bought and sold shares of the stock. International Assets Investment Management LLC grew its holdings in shares of First Trust Nasdaq Oil & Gas ETF by 7,106.9% during the 3rd quarter. International Assets Investment Management LLC now owns 4,163,701 shares of the company’s stock worth $127,214,000 after purchasing an additional 4,105,927 shares in the last quarter. Commonwealth Equity Services LLC increased its holdings in First Trust Nasdaq Oil & Gas ETF by 5.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 167,516 shares of the company’s stock valued at $5,170,000 after buying an additional 8,234 shares during the period. Cetera Investment Advisers raised its stake in shares of First Trust Nasdaq Oil & Gas ETF by 182.4% in the 1st quarter. Cetera Investment Advisers now owns 119,419 shares of the company’s stock valued at $3,857,000 after buying an additional 77,133 shares in the last quarter. Truist Financial Corp lifted its holdings in shares of First Trust Nasdaq Oil & Gas ETF by 176.5% during the 2nd quarter. Truist Financial Corp now owns 101,178 shares of the company’s stock worth $3,122,000 after acquiring an additional 64,583 shares during the period. Finally, Cetera Advisors LLC boosted its position in shares of First Trust Nasdaq Oil & Gas ETF by 67.6% during the 1st quarter. Cetera Advisors LLC now owns 52,737 shares of the company’s stock valued at $1,703,000 after acquiring an additional 21,272 shares in the last quarter.

First Trust Nasdaq Oil & Gas ETF Trading Down 1.3 %

FTXN traded down $0.37 during midday trading on Monday, reaching $29.22. The company’s stock had a trading volume of 251,135 shares, compared to its average volume of 55,050. The company has a fifty day simple moving average of $29.76 and a 200 day simple moving average of $30.55. The stock has a market cap of $170.94 million, a P/E ratio of 6.47 and a beta of 1.44. First Trust Nasdaq Oil & Gas ETF has a twelve month low of $26.60 and a twelve month high of $33.72.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a dividend of $0.203 per share. This represents a $0.81 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date of this dividend was Thursday, September 26th.

About First Trust Nasdaq Oil & Gas ETF

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.