First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Short Interest Down 88.1% in February

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) was the target of a large drop in short interest during the month of February. As of February 13th, there was short interest totaling 1,254 shares, a drop of 88.1% from the January 29th total of 10,537 shares. Based on an average daily trading volume, of 25,382 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 25,382 shares, the days-to-cover ratio is presently 0.0 days.

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

Several institutional investors and hedge funds have recently added to or reduced their stakes in FTXN. Royal Bank of Canada raised its position in First Trust Nasdaq Oil & Gas ETF by 15.8% during the fourth quarter. Royal Bank of Canada now owns 35,464 shares of the company’s stock worth $990,000 after acquiring an additional 4,831 shares in the last quarter. MML Investors Services LLC grew 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 valued at $394,000 after acquiring an additional 669 shares during the period. StoneX Group Inc. acquired a new position in shares of First Trust Nasdaq Oil & Gas ETF during the 4th quarter worth about $248,000. Hilton Head Capital Partners LLC bought a new stake in shares of First Trust Nasdaq Oil & Gas ETF in the 4th quarter valued at about $27,000. Finally, Parallel Advisors LLC acquired a new stake in First Trust Nasdaq Oil & Gas ETF in the 4th quarter valued at about $35,000.

First Trust Nasdaq Oil & Gas ETF Price Performance

Shares of FTXN traded down $0.23 during mid-day trading on Wednesday, hitting $33.83. 6,286 shares of the company’s stock were exchanged, compared to its average volume of 28,794. First Trust Nasdaq Oil & Gas ETF has a 52 week low of $23.43 and a 52 week high of $34.56. The company has a market cap of $116.71 million, a PE ratio of 11.81 and a beta of 0.76. The company has a 50-day simple moving average of $30.39 and a 200 day simple moving average of $28.89.

First Trust Nasdaq Oil & Gas ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a $0.218 dividend. This represents a $0.87 dividend on an annualized basis and a yield of 2.6%. This is an increase from First Trust Nasdaq Oil & Gas ETF’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, December 12th.

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.