First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Short Interest Down 95.2% in June

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) was the target of a significant decline in short interest in June. As of June 30th, there was short interest totaling 2,548 shares, a decline of 95.2% from the June 15th total of 53,104 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily trading volume, of 4,117,106 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in FTXN. Adamsbrown Wealth Consultants LLC grew its position in shares of First Trust Nasdaq Oil & Gas ETF by 2.1% in the second quarter. Adamsbrown Wealth Consultants LLC now owns 16,524 shares of the company’s stock valued at $552,000 after purchasing an additional 344 shares during the period. NBC Securities Inc. lifted its holdings in shares of First Trust Nasdaq Oil & Gas ETF by 20.3% during the 4th quarter. NBC Securities Inc. now owns 2,229 shares of the company’s stock worth $62,000 after acquiring an additional 376 shares during the period. MML Investors Services LLC raised its stake in First Trust Nasdaq Oil & Gas ETF by 5.0% during the fourth quarter. MML Investors Services LLC now owns 14,101 shares of the company’s stock worth $394,000 after purchasing an additional 669 shares during the period. Rockefeller Capital Management L.P. boosted its holdings in First Trust Nasdaq Oil & Gas ETF by 8.7% in the fourth quarter. Rockefeller Capital Management L.P. now owns 9,760 shares of the company’s stock valued at $273,000 after acquiring an additional 785 shares during the last quarter. Finally, Hazlett Burt & Watson Inc. acquired a new position in shares of First Trust Nasdaq Oil & Gas ETF in the 4th quarter valued at about $25,000.

First Trust Nasdaq Oil & Gas ETF Stock Up 0.1%

Shares of NASDAQ:FTXN traded up $0.05 during trading on Friday, reaching $34.80. The stock had a trading volume of 75,567 shares, compared to its average volume of 678,841. The business has a fifty day moving average price of $35.56 and a 200-day moving average price of $34.15. The stock has a market cap of $167.04 million, a P/E ratio of 11.81 and a beta of 0.47. First Trust Nasdaq Oil & Gas ETF has a fifty-two week low of $26.46 and a fifty-two week high of $40.13.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.1168 dividend. This represents a $0.47 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Thursday, June 25th.

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.