First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Short Interest Up 270.7% in January

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) saw a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 15,200 shares, a growth of 270.7% from the January 15th total of 4,100 shares. Based on an average daily volume of 43,800 shares, the short-interest ratio is presently 0.3 days.

First Trust Nasdaq Oil & Gas ETF Trading Up 0.2 %

Shares of NASDAQ FTXN traded up $0.05 during midday trading on Thursday, reaching $29.47. The company’s stock had a trading volume of 2,742 shares, compared to its average volume of 42,556. First Trust Nasdaq Oil & Gas ETF has a fifty-two week low of $27.46 and a fifty-two week high of $33.72. The stock has a 50 day simple moving average of $29.69 and a 200-day simple moving average of $29.99. The stock has a market capitalization of $160.61 million, a price-to-earnings ratio of 6.47 and a beta of 1.44.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The company also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.1768 dividend. The ex-dividend date was Friday, December 13th.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. PNC Financial Services Group Inc. bought a new position in shares of First Trust Nasdaq Oil & Gas ETF in the fourth quarter valued at $34,000. Geneos Wealth Management Inc. bought a new position in shares of First Trust Nasdaq Oil & Gas ETF in the fourth quarter valued at $45,000. Global Retirement Partners LLC grew its stake in shares of First Trust Nasdaq Oil & Gas ETF by 108.1% in the fourth quarter. Global Retirement Partners LLC now owns 2,895 shares of the company’s stock valued at $83,000 after buying an additional 1,504 shares in the last quarter. Huntington National Bank bought a new position in shares of First Trust Nasdaq Oil & Gas ETF in the fourth quarter valued at $125,000. Finally, U.S. Capital Wealth Advisors LLC bought a new position in shares of First Trust Nasdaq Oil & Gas ETF in the fourth quarter valued at $234,000.

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.