Short Interest in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Rises By 153.7%

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) saw a large increase in short interest in July. As of July 15th, there was short interest totaling 6,465 shares, an increase of 153.7% from the June 30th total of 2,548 shares. Based on an average daily trading volume, of 123,287 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.1% of the shares of the stock are sold short.

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

Several large investors have recently modified their holdings of FTXN. WCG Wealth Advisors LLC purchased a new position in First Trust Nasdaq Oil & Gas ETF in the 4th quarter valued at approximately $2,002,000. Royal Bank of Canada boosted its position in First Trust Nasdaq Oil & Gas ETF by 563.3% during the first quarter. Royal Bank of Canada now owns 51,066 shares of the company’s stock worth $1,546,000 after purchasing an additional 43,367 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in First Trust Nasdaq Oil & Gas ETF during the fourth quarter worth $471,000. Mariner LLC acquired a new stake in First Trust Nasdaq Oil & Gas ETF in the third quarter valued at $340,000. Finally, StoneX Group Inc. acquired a new stake in First Trust Nasdaq Oil & Gas ETF in the fourth quarter valued at $248,000.

First Trust Nasdaq Oil & Gas ETF Stock Down 3.2%

FTXN stock traded down $1.20 during midday trading on Monday, hitting $36.42. The company’s stock had a trading volume of 54,330 shares, compared to its average volume of 630,392. 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 market capitalization of $162.07 million, a price-to-earnings ratio of 11.81 and a beta of 0.47. The company has a 50 day moving average of $35.59 and a two-hundred day moving average of $34.81.

First Trust Nasdaq Oil & Gas ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.1168 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.47 dividend on an annualized basis and a dividend yield of 1.3%.

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.