First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Short Interest Down 32.4% in March

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) was the target of a large drop in short interest in the month of March. As of March 31st, there was short interest totalling 2,500 shares, a drop of 32.4% from the March 15th total of 3,700 shares. Based on an average daily trading volume, of 45,700 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the shares of the stock are short sold.

First Trust Nasdaq Oil & Gas ETF Price Performance

Shares of FTXN stock opened at $26.09 on Friday. The business’s fifty day moving average price is $28.36 and its 200 day moving average price is $29.51. The firm has a market capitalization of $127.84 million, a PE ratio of 10.93 and a beta of 1.44. First Trust Nasdaq Oil & Gas ETF has a 1-year low of $23.43 and a 1-year high of $32.81.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a dividend of $0.1747 per share. The ex-dividend date was Thursday, March 27th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 2.68%.

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

Institutional investors and hedge funds have recently modified their holdings of the company. PNC Financial Services Group Inc. acquired a new position in First Trust Nasdaq Oil & Gas ETF during the fourth quarter worth $34,000. Geneos Wealth Management Inc. acquired a new position in shares of First Trust Nasdaq Oil & Gas ETF during the 4th quarter worth $45,000. NBC Securities Inc. boosted its position in shares of First Trust Nasdaq Oil & Gas ETF by 29,916.7% in the 1st quarter. NBC Securities Inc. now owns 1,801 shares of the company’s stock worth $54,000 after buying an additional 1,795 shares in the last quarter. Global Retirement Partners LLC grew its stake in First Trust Nasdaq Oil & Gas ETF by 108.1% in the 4th quarter. Global Retirement Partners LLC now owns 2,895 shares of the company’s stock valued at $83,000 after acquiring an additional 1,504 shares during the last quarter. Finally, Huntington National Bank purchased a new position in First Trust Nasdaq Oil & Gas ETF during the 4th quarter valued at about $125,000.

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.