First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Sees Large Increase in Short Interest

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) saw a large increase in short interest during the month of July. As of July 15th, there was short interest totaling 6,465 shares, an increase of 153.7% from the June 30th total of 2,548 shares. Based on an average daily volume of 123,287 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

First Trust Nasdaq Oil & Gas ETF Stock Performance

Shares of NASDAQ FTXN traded down $0.51 during mid-day trading on Tuesday, reaching $35.91. The company’s stock had a trading volume of 75,470 shares, compared to its average volume of 626,444. The stock has a 50-day moving average of $35.55 and a two-hundred day moving average of $34.87. The stock has a market capitalization of $159.80 million, a P/E ratio of 11.81 and a beta of 0.47. First Trust Nasdaq Oil & Gas ETF has a 1-year low of $26.46 and a 1-year high of $40.13.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a dividend of $0.1168 per share. This represents a $0.47 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. WCG Wealth Advisors LLC purchased a new stake in First Trust Nasdaq Oil & Gas ETF in the 4th quarter valued at $2,002,000. Royal Bank of Canada boosted its position in shares of First Trust Nasdaq Oil & Gas ETF by 563.3% during the 1st quarter. Royal Bank of Canada now owns 51,066 shares of the company’s stock valued at $1,546,000 after acquiring an additional 43,367 shares during the last quarter. Kestra Advisory Services LLC grew its holdings in shares of First Trust Nasdaq Oil & Gas ETF by 8.7% in the first quarter. Kestra Advisory Services LLC now owns 25,369 shares of the company’s stock valued at $979,000 after purchasing an additional 2,030 shares during the period. Quantinno Capital Management LP grew its holdings in shares of First Trust Nasdaq Oil & Gas ETF by 19.0% in the second quarter. Quantinno Capital Management LP now owns 23,220 shares of the company’s stock valued at $632,000 after purchasing an additional 3,715 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in First Trust Nasdaq Oil & Gas ETF by 65.5% during the first quarter. Janney Montgomery Scott LLC now owns 19,367 shares of the company’s stock worth $748,000 after purchasing an additional 7,668 shares during the last quarter.

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.