First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Shares Shorted: Short Interest Up 482.5% in September

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN – Get Free Report) saw a large growth in short interest during the month of September. As of September 30th, there was short interest totaling 165,173 shares, a growth of 482.5% from the September 15th total of 28,358 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average trading volume of 3,645,496 shares, the short-interest ratio is currently 0.0 days.

First Trust Nasdaq Oil & Gas ETF Trading Down 0.5%

Shares of First Trust Nasdaq Oil & Gas ETF stock traded down $0.19 during trading hours on Friday, reaching $40.61. 1,515,168 shares of the company’s stock were exchanged, compared to its average volume of 690,596. First Trust Nasdaq Oil & Gas ETF has a 52-week low of $26.46 and a 52-week high of $41.96. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 11.81 and a beta of 0.58. The company has a fifty day moving average of $39.47 and a 200-day moving average of $37.31.

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First Trust Nasdaq Oil & Gas ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were given a $0.2445 dividend. This is an increase from First Trust Nasdaq Oil & Gas ETF’s previous quarterly dividend of $0.1168. This represents a $0.98 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend was Thursday, September 24th.

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

Several institutional investors have recently added to or reduced their stakes in the business. Adamsbrown Wealth Consultants LLC boosted its stake in First Trust Nasdaq Oil & Gas ETF by 2.1% in the 2nd quarter. Adamsbrown Wealth Consultants LLC now owns 16,524 shares of the company’s stock worth $552,000 after buying an additional 344 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in First Trust Nasdaq Oil & Gas ETF by 8.7% in the 4th quarter. Rockefeller Capital Management L.P. now owns 9,760 shares of the company’s stock valued at $273,000 after buying an additional 785 shares during the period. Integrated Wealth Concepts LLC purchased a new stake in First Trust Nasdaq Oil & Gas ETF in the 2nd quarter valued at about $32,000. MCF Advisors LLC purchased a new stake in First Trust Nasdaq Oil & Gas ETF in the 2nd quarter valued at about $46,000. Finally, Kestra Advisory Services LLC grew its holdings in First Trust Nasdaq Oil & Gas ETF by 8.7% in the 1st quarter. Kestra Advisory Services LLC now owns 25,369 shares of the company’s stock valued at $979,000 after buying an additional 2,030 shares during the period.

About First Trust Nasdaq Oil & Gas ETF

(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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