First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Stock Short Interest Climbs 482.5%

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) was the recipient of a significant 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 days-to-cover ratio is presently 0.0 days. Approximately 0.6% of the shares of the stock are sold short.

First Trust Nasdaq Oil & Gas ETF Trading Down 0.5%

Shares of First Trust Nasdaq Oil & Gas ETF stock opened at $40.61 on Friday. The firm has a market cap of $1.11 billion, a PE ratio of 11.81 and a beta of 0.58. The stock has a 50 day moving average of $39.47 and a 200 day moving average of $37.31. First Trust Nasdaq Oil & Gas ETF has a 12 month low of $26.46 and a 12 month high of $41.96.

First Trust Nasdaq Oil & Gas ETF Increases Dividend

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

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

Large investors have recently bought and sold shares of the business. Citadel Advisors LLC raised its position in shares of 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 valued at $2,108,000 after buying an additional 50,582 shares in the last quarter. Tudor Financial Inc. purchased a new position in First Trust Nasdaq Oil & Gas ETF in the second quarter worth about $860,000. NewEdge Advisors LLC grew its position in First Trust Nasdaq Oil & Gas ETF by 785.2% in 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 in the last quarter. Envestnet Asset Management Inc. increased its stake in First Trust Nasdaq Oil & Gas ETF by 27.5% during 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 during the last quarter. Finally, Janney Montgomery Scott LLC increased its stake 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 acquiring an additional 7,668 shares during the last quarter.

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.