First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Short Interest Up 220.0% in November

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) was the target of a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 1,600 shares, a growth of 220.0% from the October 31st total of 500 shares. Based on an average daily trading volume, of 45,700 shares, the short-interest ratio is presently 0.0 days.

First Trust Nasdaq Oil & Gas ETF Stock Performance

NASDAQ:FTXN traded up $0.21 during trading hours on Friday, reaching $31.81. The stock had a trading volume of 2,294 shares, compared to its average volume of 53,148. First Trust Nasdaq Oil & Gas ETF has a 12-month low of $26.60 and a 12-month high of $33.72. The stock has a 50 day simple moving average of $30.32 and a 200 day simple moving average of $30.36. The stock has a market cap of $181.32 million, a P/E ratio of 6.47 and a beta of 1.44.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a $0.203 dividend. This represents a $0.81 annualized dividend and a dividend yield of 2.55%. The ex-dividend date was Thursday, September 26th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC increased its stake in First Trust Nasdaq Oil & Gas ETF by 7,106.9% in the 3rd quarter. International Assets Investment Management LLC now owns 4,163,701 shares of the company’s stock worth $127,214,000 after acquiring an additional 4,105,927 shares during the last quarter. Cetera Investment Advisers increased its position in shares of First Trust Nasdaq Oil & Gas ETF by 182.4% in the first quarter. Cetera Investment Advisers now owns 119,419 shares of the company’s stock worth $3,857,000 after purchasing an additional 77,133 shares during the last quarter. Truist Financial Corp raised its stake in First Trust Nasdaq Oil & Gas ETF by 176.5% in the second quarter. Truist Financial Corp now owns 101,178 shares of the company’s stock valued at $3,122,000 after purchasing an additional 64,583 shares in the last quarter. Cetera Advisors LLC raised its stake in First Trust Nasdaq Oil & Gas ETF by 67.6% in the first quarter. Cetera Advisors LLC now owns 52,737 shares of the company’s stock valued at $1,703,000 after purchasing an additional 21,272 shares in the last quarter. Finally, Jaffetilchin Investment Partners LLC bought a new stake in First Trust Nasdaq Oil & Gas ETF during the first quarter valued at approximately $481,000.

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.