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 during the month of May. As of May 15th, there was short interest totaling 164,492 shares, an increase of 773.1% from the April 30th total of 18,841 shares. Based on an average daily trading volume, of 3,479,587 shares, the short-interest ratio is currently 0.0 days. Approximately 4.0% of the shares of the stock are short sold.

First Trust Nasdaq Oil & Gas ETF Stock Down 1.2%

First Trust Nasdaq Oil & Gas ETF stock traded down $0.43 during midday trading on Friday, reaching $35.30. 121,945 shares of the stock traded hands, compared to its average volume of 438,661. The stock’s fifty day moving average is $36.87 and its 200-day moving average is $32.81. First Trust Nasdaq Oil & Gas ETF has a 12 month low of $25.97 and a 12 month high of $40.13. The stock has a market cap of $146.50 million, a P/E ratio of 11.81 and a beta of 0.49.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a dividend of $0.1366 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.55 dividend on an annualized basis and a yield of 1.5%.

Hedge Funds Weigh In On First Trust Nasdaq Oil & Gas ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NBC Securities Inc. boosted its position in First Trust Nasdaq Oil & Gas ETF by 20.3% during the 4th quarter. NBC Securities Inc. now owns 2,229 shares of the company’s stock valued at $62,000 after acquiring an additional 376 shares in the last quarter. MML Investors Services LLC boosted its position in shares of First Trust Nasdaq Oil & Gas ETF by 5.0% in the 4th quarter. MML Investors Services LLC now owns 14,101 shares of the company’s stock worth $394,000 after purchasing an additional 669 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of First Trust Nasdaq Oil & Gas ETF by 8.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 9,760 shares of the company’s stock worth $273,000 after purchasing an additional 785 shares in the last quarter. Hazlett Burt & Watson Inc. acquired a new stake in shares of First Trust Nasdaq Oil & Gas ETF in the 4th quarter worth $25,000. Finally, Hilton Head Capital Partners LLC acquired a new stake in shares of First Trust Nasdaq Oil & Gas ETF in the 4th quarter worth $27,000.

First Trust Nasdaq Oil & Gas ETF Company Profile

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.