First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Short Interest Up 175,516.7% in January

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) saw a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 10,537 shares, a growth of 175,516.7% from the January 15th total of 6 shares. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 37,132 shares, the days-to-cover ratio is presently 0.3 days. Based on an average daily trading volume, of 37,132 shares, the days-to-cover ratio is presently 0.3 days. Approximately 0.3% of the company’s stock are short sold.

Hedge Funds Weigh In On First Trust Nasdaq Oil & Gas ETF

A number of large investors have recently bought and sold shares of FTXN. Osaic Holdings Inc. boosted its holdings in First Trust Nasdaq Oil & Gas ETF by 155.0% in the 2nd quarter. Osaic Holdings Inc. now owns 245,169 shares of the company’s stock valued at $6,677,000 after purchasing an additional 149,042 shares during the period. Cetera Investment Advisers boosted its stake in shares of First Trust Nasdaq Oil & Gas ETF by 6.6% in the second quarter. Cetera Investment Advisers now owns 130,120 shares of the company’s stock valued at $3,541,000 after buying an additional 8,002 shares during the period. Royal Bank of Canada grew its position in First Trust Nasdaq Oil & Gas ETF by 563.3% during the first quarter. Royal Bank of Canada now owns 51,066 shares of the company’s stock worth $1,546,000 after buying an additional 43,367 shares in the last quarter. Quantinno Capital Management LP increased its stake in First Trust Nasdaq Oil & Gas ETF by 19.0% during the 2nd quarter. Quantinno Capital Management LP now owns 23,220 shares of the company’s stock worth $632,000 after acquiring an additional 3,715 shares during the period. Finally, Sigma Planning Corp bought a new position in First Trust Nasdaq Oil & Gas ETF during the 2nd quarter worth $556,000.

First Trust Nasdaq Oil & Gas ETF Stock Performance

NASDAQ FTXN traded down $0.16 on Tuesday, reaching $32.72. The company had a trading volume of 17,310 shares, compared to its average volume of 31,374. The firm has a market capitalization of $112.88 million, a price-to-earnings ratio of 11.81 and a beta of 0.76. First Trust Nasdaq Oil & Gas ETF has a 1-year low of $23.43 and a 1-year high of $32.93. The company’s fifty day moving average is $29.20 and its 200-day moving average is $28.40.

First Trust Nasdaq Oil & Gas ETF Increases Dividend

The company 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. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.87 dividend on an annualized basis and a yield of 2.7%. This is a boost from First Trust Nasdaq Oil & Gas ETF’s previous quarterly dividend of $0.18.

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.