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

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) saw a significant increase in short interest in February. As of February 15th, there was short interest totalling 40,400 shares, an increase of 165.8% from the January 31st total of 15,200 shares. Based on an average trading volume of 40,600 shares, the short-interest ratio is currently 1.0 days.

First Trust Nasdaq Oil & Gas ETF Price Performance

Shares of First Trust Nasdaq Oil & Gas ETF stock traded down $0.04 on Friday, reaching $29.39. 5,249 shares of the company traded hands, compared to its average volume of 39,732. The firm has a market capitalization of $160.18 million, a PE ratio of 6.47 and a beta of 1.44. The company has a 50 day moving average of $29.80 and a 200 day moving average of $29.98. First Trust Nasdaq Oil & Gas ETF has a 52 week low of $27.46 and a 52 week high of $33.72.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The firm also recently announced a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a dividend of $0.1768 per share. The ex-dividend date was Friday, December 13th.

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

Several institutional investors and hedge funds have recently modified their holdings of the stock. PNC Financial Services Group Inc. bought a new stake in shares of First Trust Nasdaq Oil & Gas ETF in the fourth quarter worth approximately $34,000. Geneos Wealth Management Inc. purchased a new position in shares of First Trust Nasdaq Oil & Gas ETF in the fourth quarter worth $45,000. Global Retirement Partners LLC raised its stake in First Trust Nasdaq Oil & Gas ETF by 108.1% during the fourth quarter. Global Retirement Partners LLC now owns 2,895 shares of the company’s stock valued at $83,000 after purchasing an additional 1,504 shares in the last quarter. Huntington National Bank purchased a new stake in First Trust Nasdaq Oil & Gas ETF during the fourth quarter valued at $125,000. Finally, EP Wealth Advisors LLC bought a new position in First Trust Nasdaq Oil & Gas ETF during the fourth quarter valued at $132,000.

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.