First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Short Interest Up 746.8% in December
by Sarita Garza · The Markets DailyFirst Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN – Get Free Report) saw a significant increase in short interest in the month of December. As of December 15th, there was short interest totaling 3,184 shares, an increase of 746.8% from the November 30th total of 376 shares. Based on an average trading volume of 21,416 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.1% of the shares of the stock are short sold. Currently, 0.1% of the shares of the stock are short sold. Based on an average trading volume of 21,416 shares, the days-to-cover ratio is presently 0.1 days.
First Trust Nasdaq Oil & Gas ETF Trading Down 0.4%
Shares of NASDAQ:FTXN traded down $0.10 on Wednesday, reaching $27.67. 8,075 shares of the company were exchanged, compared to its average volume of 29,586. The company has a 50-day moving average of $27.94 and a 200-day moving average of $28.00. The firm has a market cap of $107.91 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 $31.79.
First Trust Nasdaq Oil & Gas ETF Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be issued a $0.218 dividend. This represents a $0.87 dividend on an annualized basis and a yield of 3.2%. This is a boost from First Trust Nasdaq Oil & Gas ETF’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend is Friday, December 12th.
Institutional Investors Weigh In On First Trust Nasdaq Oil & Gas ETF
Institutional investors and hedge funds have recently modified their holdings of the company. Centaurus Financial Inc. raised its holdings in First Trust Nasdaq Oil & Gas ETF by 6.9% during the second quarter. Centaurus Financial Inc. now owns 10,310 shares of the company’s stock worth $281,000 after purchasing an additional 669 shares during the last quarter. Adamsbrown Wealth Consultants LLC grew its holdings in First Trust Nasdaq Oil & Gas ETF by 11.8% in the second quarter. Adamsbrown Wealth Consultants LLC now owns 9,357 shares of the company’s stock valued at $255,000 after purchasing an additional 987 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of First Trust Nasdaq Oil & Gas ETF by 23.2% in the first quarter. Goldman Sachs Group Inc. now owns 16,027 shares of the company’s stock valued at $485,000 after buying an additional 3,021 shares in the last quarter. Quantinno Capital Management LP raised its stake in shares of 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 buying an additional 3,715 shares during the last quarter. Finally, HB Wealth Management LLC acquired a new position in shares of First Trust Nasdaq Oil & Gas ETF during the 2nd quarter worth $214,000.
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.