Short Interest in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Expands By 327.3%

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) was the target of a large increase in short interest during the month of January. As of January 15th, there was short interest totalling 4,700 shares, an increase of 327.3% from the December 31st total of 1,100 shares. Based on an average trading volume of 42,000 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of FTXN. Y.D. More Investments Ltd boosted its stake in First Trust Nasdaq Oil & Gas ETF by 10.7% in the fourth quarter. Y.D. More Investments Ltd now owns 15,500 shares of the company’s stock valued at $446,000 after acquiring an additional 1,500 shares during the last quarter. Stratos Wealth Partners LTD. lifted its stake in shares of First Trust Nasdaq Oil & Gas ETF by 30.6% in the 4th quarter. Stratos Wealth Partners LTD. now owns 19,713 shares of the company’s stock valued at $567,000 after purchasing an additional 4,619 shares during the period. Adamsbrown Wealth Consultants LLC boosted its position in shares of First Trust Nasdaq Oil & Gas ETF by 11.6% in the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 8,322 shares of the company’s stock worth $239,000 after purchasing an additional 866 shares during the last quarter. U.S. Capital Wealth Advisors LLC acquired a new stake in shares of First Trust Nasdaq Oil & Gas ETF during the fourth quarter worth $234,000. Finally, Total Clarity Wealth Management Inc. increased its holdings in First Trust Nasdaq Oil & Gas ETF by 49.3% in the fourth quarter. Total Clarity Wealth Management Inc. now owns 43,120 shares of the company’s stock valued at $1,240,000 after purchasing an additional 14,235 shares during the last quarter.

First Trust Nasdaq Oil & Gas ETF Stock Down 0.6 %

NASDAQ:FTXN traded down $0.17 during mid-day trading on Tuesday, reaching $30.01. 45,786 shares of the company were exchanged, compared to its average volume of 49,782. The stock has a market cap of $162.05 million, a PE ratio of 6.47 and a beta of 1.44. First Trust Nasdaq Oil & Gas ETF has a 12 month low of $27.46 and a 12 month high of $33.72. The company has a fifty day moving average of $30.10 and a 200 day moving average of $30.08.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

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

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.