First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Short Interest Up 175,516.7% in January

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) saw a large increase in short interest during the month of January. As of January 30th, there was short interest totaling 10,537 shares, an increase of 175,516.7% from the January 15th total of 6 shares. Currently, 0.3% of the company’s shares are short sold. Based on an average daily volume of 37,132 shares, the short-interest ratio is presently 0.3 days. Based on an average daily volume of 37,132 shares, the short-interest ratio is presently 0.3 days. Currently, 0.3% of the company’s shares are short sold.

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

Large investors have recently bought and sold shares of the stock. Hazlett Burt & Watson Inc. bought a new stake in First Trust Nasdaq Oil & Gas ETF in the fourth quarter valued at approximately $25,000. Hilton Head Capital Partners LLC purchased a new position in shares of First Trust Nasdaq Oil & Gas ETF in the fourth quarter worth $27,000. Parallel Advisors LLC purchased a new position in shares of First Trust Nasdaq Oil & Gas ETF in the fourth quarter worth $35,000. NBC Securities Inc. raised its holdings in First Trust Nasdaq Oil & Gas ETF by 20.3% during the 4th quarter. NBC Securities Inc. now owns 2,229 shares of the company’s stock valued at $62,000 after buying an additional 376 shares during the last quarter. Finally, Sound Income Strategies LLC purchased a new stake in First Trust Nasdaq Oil & Gas ETF during the 4th quarter valued at $71,000.

First Trust Nasdaq Oil & Gas ETF Stock Up 2.7%

First Trust Nasdaq Oil & Gas ETF stock opened at $33.62 on Thursday. The firm has a fifty day simple moving average of $29.38 and a two-hundred day simple moving average of $28.47. First Trust Nasdaq Oil & Gas ETF has a twelve month low of $23.43 and a twelve month high of $33.62. The company has a market capitalization of $115.99 million, a PE 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. Investors of record on Friday, December 12th were issued a dividend of $0.218 per share. The ex-dividend date was Friday, December 12th. This represents a $0.87 annualized dividend and a yield of 2.6%. This is a boost from First Trust Nasdaq Oil & Gas ETF’s previous quarterly dividend of $0.18.

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.