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

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 4,700 shares, a growth of 327.3% from the December 31st total of 1,100 shares. Based on an average daily trading volume, of 42,000 shares, the days-to-cover ratio is presently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of FTXN. Geneos Wealth Management Inc. purchased a new stake in First Trust Nasdaq Oil & Gas ETF during the fourth quarter valued at about $45,000. Adamsbrown Wealth Consultants LLC purchased a new stake in shares of First Trust Nasdaq Oil & Gas ETF during the 3rd quarter worth about $216,000. U.S. Capital Wealth Advisors LLC acquired a new stake in First Trust Nasdaq Oil & Gas ETF during the 4th quarter worth approximately $234,000. Centaurus Financial Inc. raised its holdings in First Trust Nasdaq Oil & Gas ETF by 6.2% in the third quarter. Centaurus Financial Inc. now owns 8,575 shares of the company’s stock valued at $248,000 after buying an additional 504 shares during the period. Finally, Tudor Financial Inc. purchased a new position in First Trust Nasdaq Oil & Gas ETF in the third quarter valued at approximately $275,000.

First Trust Nasdaq Oil & Gas ETF Stock Performance

FTXN traded down $0.17 on Tuesday, hitting $30.01. 45,786 shares of the company were exchanged, compared to its average volume of 49,782. The firm has a market capitalization of $162.05 million, a P/E ratio of 6.47 and a beta of 1.44. The business’s fifty day moving average is $30.10 and its 200 day moving average is $30.08. First Trust Nasdaq Oil & Gas ETF has a fifty-two week low of $27.46 and a fifty-two week high of $33.72.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

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

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.