First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Short Interest Down 88.1% in February

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) was the target of a significant decline in short interest in the month of February. As of February 13th, there was short interest totaling 1,254 shares, a decline of 88.1% from the January 29th total of 10,537 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average trading volume of 25,382 shares, the short-interest ratio is currently 0.0 days. Based on an average trading volume of 25,382 shares, the short-interest ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are sold short.

Institutional Investors Weigh In On First Trust Nasdaq Oil & Gas ETF

Several institutional investors have recently added to or reduced their stakes in FTXN. Osaic Holdings Inc. lifted its stake in shares of First Trust Nasdaq Oil & Gas ETF by 155.0% during the 2nd quarter. Osaic Holdings Inc. now owns 245,169 shares of the company’s stock valued at $6,677,000 after buying an additional 149,042 shares in the last quarter. Sigma Planning Corp bought a new stake in First Trust Nasdaq Oil & Gas ETF during the 2nd quarter valued at $556,000. Cetera Investment Advisers lifted its position in shares of First Trust Nasdaq Oil & Gas ETF by 6.6% during the second quarter. Cetera Investment Advisers now owns 130,120 shares of the company’s stock worth $3,541,000 after acquiring an additional 8,002 shares in the last quarter. Centaurus Financial Inc. lifted its position in shares of First Trust Nasdaq Oil & Gas ETF by 6.9% during the second quarter. Centaurus Financial Inc. now owns 10,310 shares of the company’s stock worth $281,000 after acquiring an additional 669 shares in the last quarter. Finally, Mariner LLC bought a new position in shares of First Trust Nasdaq Oil & Gas ETF in the third quarter worth $340,000.

First Trust Nasdaq Oil & Gas ETF Stock Down 0.7%

First Trust Nasdaq Oil & Gas ETF stock opened at $33.83 on Thursday. The firm has a 50 day moving average price of $30.39 and a 200-day moving average price of $28.89. First Trust Nasdaq Oil & Gas ETF has a twelve month low of $23.43 and a twelve month high of $34.56. The company has a market capitalization of $116.71 million, a P/E ratio of 11.81 and a beta of 0.76.

First Trust Nasdaq Oil & Gas ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a $0.218 dividend. The ex-dividend date was Friday, December 12th. This is a boost from First Trust Nasdaq Oil & Gas ETF’s previous quarterly dividend of $0.18. This represents a $0.87 annualized dividend and a dividend yield of 2.6%.

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.