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

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) saw a large decline in short interest during the month of January. As of January 15th, there was short interest totaling 6 shares, a decline of 99.4% from the December 31st total of 1,066 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily trading volume, of 30,860 shares, the short-interest ratio is currently 0.0 days. Based on an average daily trading volume, of 30,860 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Hedge Funds Weigh In On First Trust Nasdaq Oil & Gas ETF

A number of large investors have recently bought and sold shares of FTXN. Sound Income Strategies LLC bought a new position in shares of First Trust Nasdaq Oil & Gas ETF during the 4th quarter valued at about $71,000. HB Wealth Management LLC bought a new stake in shares of First Trust Nasdaq Oil & Gas ETF in the 2nd quarter valued at approximately $214,000. Centaurus Financial Inc. raised its holdings in shares of First Trust Nasdaq Oil & Gas ETF by 6.9% during the 2nd quarter. Centaurus Financial Inc. now owns 10,310 shares of the company’s stock valued at $281,000 after purchasing an additional 669 shares in the last quarter. Mariner LLC bought a new stake in shares of First Trust Nasdaq Oil & Gas ETF during the 3rd quarter worth about $340,000. Finally, Goldman Sachs Group Inc. grew its holdings in First Trust Nasdaq Oil & Gas ETF by 23.2% during the first quarter. Goldman Sachs Group Inc. now owns 16,027 shares of the company’s stock valued at $485,000 after purchasing an additional 3,021 shares during the last quarter.

First Trust Nasdaq Oil & Gas ETF Trading Up 0.3%

Shares of NASDAQ FTXN traded up $0.11 during trading hours on Wednesday, reaching $30.69. The stock had a trading volume of 18,738 shares, compared to its average volume of 32,825. First Trust Nasdaq Oil & Gas ETF has a fifty-two week low of $23.43 and a fifty-two week high of $31.00. The firm has a 50-day moving average of $28.57 and a 200-day moving average of $28.14. The firm has a market cap of $102.79 million, a price-to-earnings ratio of 11.81 and a beta of 0.76.

First Trust Nasdaq Oil & Gas ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a $0.218 dividend. This represents a $0.87 dividend on an annualized basis and a yield of 2.8%. This is a boost from First Trust Nasdaq Oil & Gas ETF’s previous quarterly dividend of $0.18. The ex-dividend date of this dividend was Friday, December 12th.

About First Trust Nasdaq Oil & Gas ETF

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.