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

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) was the recipient of a large growth in short interest in May. As of May 15th, there was short interest totaling 164,492 shares, a growth of 773.1% from the April 30th total of 18,841 shares. Approximately 4.0% of the company’s shares are short sold. Based on an average daily volume of 3,479,587 shares, the short-interest ratio is presently 0.0 days.

First Trust Nasdaq Oil & Gas ETF Trading Down 1.2%

Shares of FTXN opened at $35.30 on Friday. The firm’s 50-day moving average price is $36.87 and its 200-day moving average price is $32.81. The firm has a market capitalization of $146.50 million, a price-to-earnings ratio of 11.81 and a beta of 0.49. First Trust Nasdaq Oil & Gas ETF has a 1-year low of $25.97 and a 1-year high of $40.13.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a dividend of $0.1366 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.55 annualized dividend and a yield of 1.5%.

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

Several hedge funds have recently bought and sold shares of FTXN. Hazlett Burt & Watson Inc. bought a new stake in First Trust Nasdaq Oil & Gas ETF during the fourth quarter worth about $25,000. Hilton Head Capital Partners LLC bought a new stake in First Trust Nasdaq Oil & Gas ETF during the fourth quarter worth about $27,000. Parallel Advisors LLC bought a new stake in First Trust Nasdaq Oil & Gas ETF during the fourth quarter worth about $35,000. NBC Securities Inc. boosted its stake in First Trust Nasdaq Oil & Gas ETF by 20.3% during the fourth quarter. NBC Securities Inc. now owns 2,229 shares of the company’s stock worth $62,000 after acquiring an additional 376 shares in the last quarter. Finally, Sound Income Strategies LLC bought a new stake in First Trust Nasdaq Oil & Gas ETF during the fourth quarter worth about $71,000.

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.