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

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) was the target of a significant decline in short interest during the month of 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 stock are short sold. Based on an average daily trading volume, of 4,117,106 shares, the short-interest ratio is currently 0.0 days.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Adamsbrown Wealth Consultants LLC raised its stake in First Trust Nasdaq Oil & Gas ETF by 2.1% in the 2nd quarter. Adamsbrown Wealth Consultants LLC now owns 16,524 shares of the company’s stock valued at $552,000 after acquiring an additional 344 shares during the period. Parallel Advisors LLC boosted its position in First Trust Nasdaq Oil & Gas ETF by 418.5% during the first quarter. Parallel Advisors LLC now owns 6,538 shares of the company’s stock worth $252,000 after purchasing an additional 5,277 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of First Trust Nasdaq Oil & Gas ETF by 2,540.0% in the first quarter. Geneos Wealth Management Inc. now owns 2,640 shares of the company’s stock valued at $102,000 after purchasing an additional 2,540 shares during the last quarter. Kestra Advisory Services LLC increased its holdings in shares of First Trust Nasdaq Oil & Gas ETF by 8.7% in the first quarter. Kestra Advisory Services LLC now owns 25,369 shares of the company’s stock valued at $979,000 after purchasing an additional 2,030 shares during the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of First Trust Nasdaq Oil & Gas ETF by 65.5% in the first quarter. Janney Montgomery Scott LLC now owns 19,367 shares of the company’s stock valued at $748,000 after purchasing an additional 7,668 shares during the period.

First Trust Nasdaq Oil & Gas ETF Stock Performance

NASDAQ:FTXN traded up $0.05 during mid-day trading on Friday, hitting $34.80. The stock had a trading volume of 75,567 shares, compared to its average volume of 678,841. First Trust Nasdaq Oil & Gas ETF has a twelve month low of $26.46 and a twelve month high of $40.13. The stock has a market cap of $167.04 million, a price-to-earnings ratio of 11.81 and a beta of 0.47. The company’s 50 day simple moving average is $35.56 and its 200 day simple moving average is $34.15.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a $0.1168 dividend. This represents a $0.47 dividend on an annualized basis and a dividend 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.