First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Short Interest Down 64.4% in January

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXNGet Free Report) was the target of a large decrease in short interest in January. As of January 31st, there was short interest totalling 1,600 shares, a decrease of 64.4% from the January 15th total of 4,500 shares. Based on an average daily trading volume, of 91,900 shares, the days-to-cover ratio is presently 0.0 days.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FTXN. International Assets Investment Management LLC boosted its stake in First Trust Nasdaq Oil & Gas ETF by 1,550.7% during the 4th quarter. International Assets Investment Management LLC now owns 1,717,954 shares of the company’s stock valued at $48,615,000 after purchasing an additional 1,613,882 shares in the last quarter. Morgan Stanley boosted its stake in First Trust Nasdaq Oil & Gas ETF by 15.2% during the 4th quarter. Morgan Stanley now owns 3,793,358 shares of the company’s stock valued at $106,062,000 after purchasing an additional 500,913 shares in the last quarter. Bank of America Corp DE bought a new stake in shares of First Trust Nasdaq Oil & Gas ETF during the 1st quarter worth $13,504,000. UBS Group AG bought a new stake in shares of First Trust Nasdaq Oil & Gas ETF during the 1st quarter worth $13,302,000. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in shares of First Trust Nasdaq Oil & Gas ETF by 112.6% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 666,881 shares of the company’s stock worth $20,033,000 after acquiring an additional 353,172 shares in the last quarter.

First Trust Nasdaq Oil & Gas ETF Price Performance

FTXN stock traded up $0.38 on Monday, reaching $28.39. The company’s stock had a trading volume of 45,967 shares, compared to its average volume of 106,875. First Trust Nasdaq Oil & Gas ETF has a 52 week low of $24.37 and a 52 week high of $31.18. The company has a market capitalization of $202.99 million, a P/E ratio of 6.07 and a beta of 1.44. The firm has a fifty day moving average of $28.01 and a two-hundred day moving average of $28.92.

First Trust Nasdaq Oil & Gas ETF Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Tuesday, December 26th were paid a dividend of $0.2166 per share. This represents a $0.87 dividend on an annualized basis and a yield of 3.05%. The ex-dividend date was Friday, December 22nd.

First Trust Nasdaq Oil & Gas ETF Company Profile

(Get Free Report)

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.

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