First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Short Interest Down 65.8% in May

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) was the target of a significant decrease in short interest during the month of May. As of May 29th, there was short interest totaling 56,305 shares, a decrease of 65.8% from the May 14th total of 164,492 shares. Based on an average daily volume of 88,842 shares, the days-to-cover ratio is currently 0.6 days. Approximately 1.4% of the company’s stock are short sold.

Institutional Trading of First Trust Nasdaq Oil & Gas ETF

Large investors have recently added to or reduced their stakes in the company. Hazlett Burt & Watson Inc. acquired a new stake in First Trust Nasdaq Oil & Gas ETF in the fourth quarter valued at $25,000. Hilton Head Capital Partners LLC acquired a new stake in First Trust Nasdaq Oil & Gas ETF in the fourth quarter valued at $27,000. Parallel Advisors LLC acquired a new stake in First Trust Nasdaq Oil & Gas ETF in the fourth quarter valued at $35,000. NBC Securities Inc. lifted its stake in First Trust Nasdaq Oil & Gas ETF by 20.3% in the fourth quarter. NBC Securities Inc. now owns 2,229 shares of the company’s stock valued at $62,000 after acquiring an additional 376 shares during the last quarter. Finally, Sound Income Strategies LLC acquired a new stake in First Trust Nasdaq Oil & Gas ETF in the fourth quarter valued at $71,000.

First Trust Nasdaq Oil & Gas ETF Trading Up 2.1%

Shares of FTXN opened at $36.58 on Thursday. First Trust Nasdaq Oil & Gas ETF has a 12 month low of $26.46 and a 12 month high of $40.13. The firm has a fifty day simple moving average of $36.52 and a 200 day simple moving average of $33.29. The stock has a market capitalization of $151.81 million, a price-to-earnings ratio of 11.81 and a beta of 0.46.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a $0.1366 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.55 dividend on an annualized basis and a yield of 1.5%.

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.