First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Shares Shorted: Short Interest Up 482.5% in September

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 165,173 shares, a growth of 482.5% from the September 15th total of 28,358 shares. Based on an average daily volume of 3,645,496 shares, the short-interest ratio is currently 0.0 days. Currently, 0.6% of the shares of the company are short sold.

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

Institutional investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC increased its position in First Trust Nasdaq Oil & Gas ETF by 405.7% during the 2nd quarter. Citadel Advisors LLC now owns 63,049 shares of the company’s stock worth $2,108,000 after purchasing an additional 50,582 shares during the period. Tudor Financial Inc. purchased a new stake in shares of First Trust Nasdaq Oil & Gas ETF in the second quarter valued at approximately $860,000. NewEdge Advisors LLC grew its holdings in First Trust Nasdaq Oil & Gas ETF by 785.2% during the second quarter. NewEdge Advisors LLC now owns 18,500 shares of the company’s stock worth $618,000 after acquiring an additional 16,410 shares during the period. Envestnet Asset Management Inc. raised its position in First Trust Nasdaq Oil & Gas ETF by 27.5% in the second quarter. Envestnet Asset Management Inc. now owns 75,224 shares of the company’s stock worth $2,515,000 after acquiring an additional 16,211 shares in the last quarter. Finally, Janney Montgomery Scott LLC lifted its holdings in First Trust Nasdaq Oil & Gas ETF by 65.5% in the first quarter. Janney Montgomery Scott LLC now owns 19,367 shares of the company’s stock valued at $748,000 after acquiring an additional 7,668 shares during the period.

First Trust Nasdaq Oil & Gas ETF Price Performance

NASDAQ:FTXN opened at $40.61 on Friday. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 11.81 and a beta of 0.58. The firm’s fifty day moving average price is $39.47 and its 200 day moving average price is $37.31. First Trust Nasdaq Oil & Gas ETF has a 1-year low of $26.46 and a 1-year high of $41.96.

First Trust Nasdaq Oil & Gas ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a dividend of $0.2445 per share. This is an increase from First Trust Nasdaq Oil & Gas ETF’s previous quarterly dividend of $0.1168. This represents a $0.98 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend was Thursday, September 24th.

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.