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

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) was the target of a significant growth in short interest in the month of February. As of February 15th, there was short interest totalling 40,400 shares, a growth of 165.8% from the January 31st total of 15,200 shares. Based on an average daily trading volume, of 40,600 shares, the short-interest ratio is presently 1.0 days.

First Trust Nasdaq Oil & Gas ETF Trading Up 1.3 %

Shares of NASDAQ:FTXN traded up $0.39 on Friday, hitting $29.82. 30,951 shares of the company were exchanged, compared to its average volume of 40,391. First Trust Nasdaq Oil & Gas ETF has a 1-year low of $27.46 and a 1-year high of $33.72. The stock’s 50 day moving average price is $29.85 and its 200 day moving average price is $29.97. The firm has a market capitalization of $162.52 million, a P/E ratio of 6.47 and a beta of 1.44.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were paid a dividend of $0.1768 per share. The ex-dividend date of this dividend was Friday, December 13th.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. acquired a new stake in shares of First Trust Nasdaq Oil & Gas ETF during the fourth quarter worth $34,000. Geneos Wealth Management Inc. purchased a new position in shares of First Trust Nasdaq Oil & Gas ETF during the fourth quarter worth $45,000. Global Retirement Partners LLC raised its holdings in shares of First Trust Nasdaq Oil & Gas ETF by 108.1% during the fourth quarter. Global Retirement Partners LLC now owns 2,895 shares of the company’s stock worth $83,000 after purchasing an additional 1,504 shares during the last quarter. Huntington National Bank purchased a new position in shares of First Trust Nasdaq Oil & Gas ETF during the fourth quarter worth $125,000. Finally, EP Wealth Advisors LLC purchased a new position in shares of First Trust Nasdaq Oil & Gas ETF during the fourth quarter worth $132,000.

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.