Short Interest in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Decreases By 59.2%

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) was the recipient of a large decline in short interest during the month of February. As of February 28th, there was short interest totalling 16,500 shares, a decline of 59.2% from the February 13th total of 40,400 shares. Based on an average daily volume of 45,500 shares, the short-interest ratio is currently 0.4 days. Approximately 0.3% of the company’s shares are short sold.

Institutional Trading of First Trust Nasdaq Oil & Gas ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. LPL Financial LLC lifted its stake in First Trust Nasdaq Oil & Gas ETF by 13.3% in the fourth quarter. LPL Financial LLC now owns 506,608 shares of the company’s stock valued at $14,565,000 after buying an additional 59,471 shares during the period. Cetera Investment Advisers raised its position in shares of First Trust Nasdaq Oil & Gas ETF by 31.5% in the 4th quarter. Cetera Investment Advisers now owns 133,693 shares of the company’s stock valued at $3,844,000 after acquiring an additional 32,029 shares during the period. Truist Financial Corp boosted its stake in First Trust Nasdaq Oil & Gas ETF by 2.9% during the 4th quarter. Truist Financial Corp now owns 128,425 shares of the company’s stock worth $3,692,000 after acquiring an additional 3,578 shares during the last quarter. Raymond James Financial Inc. acquired a new position in First Trust Nasdaq Oil & Gas ETF during the fourth quarter valued at approximately $3,655,000. Finally, Stifel Financial Corp increased its stake in First Trust Nasdaq Oil & Gas ETF by 2.1% in the third quarter. Stifel Financial Corp now owns 58,725 shares of the company’s stock valued at $1,700,000 after purchasing an additional 1,215 shares in the last quarter.

First Trust Nasdaq Oil & Gas ETF Stock Performance

FTXN traded down $0.20 during mid-day trading on Thursday, reaching $28.26. The stock had a trading volume of 3,556 shares, compared to its average volume of 45,633. The firm’s fifty day simple moving average is $29.82 and its two-hundred day simple moving average is $29.86. The stock has a market capitalization of $154.02 million, a P/E ratio of 11.26 and a beta of 1.44. First Trust Nasdaq Oil & Gas ETF has a 52 week low of $27.24 and a 52 week high of $33.72.

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.