Short Interest in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Rises By 327.3%

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 4,700 shares, a growth of 327.3% from the December 31st total of 1,100 shares. Based on an average daily trading volume, of 42,000 shares, the days-to-cover ratio is presently 0.1 days.

First Trust Nasdaq Oil & Gas ETF Price Performance

NASDAQ FTXN traded up $0.01 during mid-day trading on Thursday, reaching $30.09. The stock had a trading volume of 11,885 shares, compared to its average volume of 46,399. The stock has a market cap of $162.49 million, a PE ratio of 6.47 and a beta of 1.44. First Trust Nasdaq Oil & Gas ETF has a 1 year low of $27.46 and a 1 year high of $33.72. The company has a fifty day moving average price of $30.06 and a 200 day moving average price of $30.08.

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 given a $0.1768 dividend. The ex-dividend date was Friday, December 13th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in FTXN. International Assets Investment Management LLC increased its stake in shares of First Trust Nasdaq Oil & Gas ETF by 7,106.9% during the third quarter. International Assets Investment Management LLC now owns 4,163,701 shares of the company’s stock valued at $127,214,000 after buying an additional 4,105,927 shares during the period. Truist Financial Corp boosted its holdings in shares of First Trust Nasdaq Oil & Gas ETF by 176.5% in the 2nd quarter. Truist Financial Corp now owns 101,178 shares of the company’s stock valued at $3,122,000 after buying an additional 64,583 shares in the last quarter. Stifel Financial Corp boosted its position in shares of First Trust Nasdaq Oil & Gas ETF by 2.1% in the 3rd quarter. Stifel Financial Corp now owns 58,725 shares of the company’s stock worth $1,700,000 after purchasing an additional 1,215 shares in the last quarter. Total Clarity Wealth Management Inc. boosted its stake in First Trust Nasdaq Oil & Gas ETF by 49.3% in the 4th quarter. Total Clarity Wealth Management Inc. now owns 43,120 shares of the company’s stock worth $1,240,000 after purchasing an additional 14,235 shares in the last quarter. Finally, Stratos Wealth Partners LTD. grew its stake in First Trust Nasdaq Oil & Gas ETF by 30.6% during the 4th quarter. Stratos Wealth Partners LTD. now owns 19,713 shares of the company’s stock valued at $567,000 after purchasing an additional 4,619 shares during the last quarter.

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.