First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Sees Significant Decrease in Short Interest

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) saw a significant decline in short interest during the month of August. As of August 31st, there was short interest totaling 4,540 shares, a decline of 90.9% from the August 15th total of 49,911 shares. Based on an average trading volume of 35,958 shares, the days-to-cover ratio is currently 0.1 days. Approximately 0.1% of the company’s stock are sold short.

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

Several large investors have recently bought and sold shares of the business. Hazlett Burt & Watson Inc. purchased a new stake in First Trust Nasdaq Oil & Gas ETF during the 4th quarter worth about $25,000. Hilton Head Capital Partners LLC acquired a new stake in shares of First Trust Nasdaq Oil & Gas ETF during the 4th quarter worth about $27,000. Integrated Wealth Concepts LLC acquired a new stake in shares of First Trust Nasdaq Oil & Gas ETF during the 2nd quarter worth about $32,000. Parallel Advisors LLC acquired a new stake in shares of First Trust Nasdaq Oil & Gas ETF during the 4th quarter worth about $35,000. Finally, MCF Advisors LLC purchased a new stake in First Trust Nasdaq Oil & Gas ETF during the second quarter worth approximately $46,000.

First Trust Nasdaq Oil & Gas ETF Stock Up 0.3%

NASDAQ FTXN traded up $0.13 on Friday, hitting $41.28. 41,203 shares of the stock were exchanged, compared to its average volume of 520,432. First Trust Nasdaq Oil & Gas ETF has a fifty-two week low of $26.46 and a fifty-two week high of $41.91. The company has a 50-day moving average price of $37.94 and a 200-day moving average price of $36.71. The company has a market cap of $179.57 million, a PE ratio of 11.81 and a beta of 0.48.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a dividend of $0.1168 per share. The ex-dividend date was Thursday, June 25th. This represents a $0.47 dividend on an annualized basis and a dividend yield of 1.1%.

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.