First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Stock Short Interest Report for October

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) was the recipient of a large drop in short interest during the month of October. As of October 15th, there was short interest totaling 22,994 shares, a drop of 86.1% from the September 30th total of 165,173 shares. Based on an average daily volume of 326,311 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its holdings in shares of First Trust Nasdaq Oil & Gas ETF by 27.5% in the 2nd 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 in the last quarter. Citadel Advisors LLC grew its position in 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 worth $2,108,000 after acquiring an additional 50,582 shares during the last quarter. Kestra Advisory Services LLC grew its position in First Trust Nasdaq Oil & Gas ETF by 8.7% during the 1st quarter. Kestra Advisory Services LLC now owns 25,369 shares of the company’s stock worth $979,000 after acquiring an additional 2,030 shares during the last quarter. Tudor Financial Inc. bought a new stake in First Trust Nasdaq Oil & Gas ETF during the 2nd quarter worth approximately $860,000. Finally, Janney Montgomery Scott LLC grew its position in First Trust Nasdaq Oil & Gas ETF by 65.5% during the 1st 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.

First Trust Nasdaq Oil & Gas ETF Stock Down 2.1%

NASDAQ:FTXN traded down $0.89 on Tuesday, reaching $42.44. The stock had a trading volume of 26,390 shares, compared to its average volume of 656,383. The company has a market capitalization of $1.19 billion, a P/E ratio of 11.81 and a beta of 0.58. First Trust Nasdaq Oil & Gas ETF has a 1-year low of $26.90 and a 1-year high of $43.44. The stock has a fifty day moving average price of $40.45 and a 200-day moving average price of $36.45.

First Trust Nasdaq Oil & Gas ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were issued a dividend of $0.2445 per share. The ex-dividend date of this dividend was Thursday, September 24th. This is a positive change from First Trust Nasdaq Oil & Gas ETF’s previous quarterly dividend of $0.1168. This represents a $0.98 annualized dividend and a dividend yield of 2.3%.

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.