First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN – Get Free Report) was the target of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 2,548 shares, a decrease of 95.2% from the June 15th total of 53,104 shares. Based on an average daily trading volume, of 4,117,106 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.1% of the shares of the stock are short sold.
Institutional Investors Weigh In On First Trust Nasdaq Oil & Gas ETF
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. WCG Wealth Advisors LLC bought a new position in First Trust Nasdaq Oil & Gas ETF in the 4th quarter valued at approximately $2,002,000. Royal Bank of Canada grew its stake in shares of 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 buying an additional 43,367 shares during the last quarter. Kestra Advisory Services LLC grew its stake in shares of First Trust Nasdaq Oil & Gas ETF by 8.7% during the first quarter. Kestra Advisory Services LLC now owns 25,369 shares of the company’s stock worth $979,000 after buying an additional 2,030 shares during the last quarter. Quantinno Capital Management LP increased its holdings in shares of First Trust Nasdaq Oil & Gas ETF by 19.0% during the second quarter. Quantinno Capital Management LP now owns 23,220 shares of the company’s stock worth $632,000 after buying an additional 3,715 shares in the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in shares of First Trust Nasdaq Oil & Gas ETF by 65.5% during the first quarter. Janney Montgomery Scott LLC now owns 19,367 shares of the company’s stock worth $748,000 after buying an additional 7,668 shares in the last quarter.
First Trust Nasdaq Oil & Gas ETF Trading Up 0.1%
First Trust Nasdaq Oil & Gas ETF stock traded up $0.05 during midday trading on Friday, reaching $34.80. The company’s stock had a trading volume of 75,567 shares, compared to its average volume of 678,841. First Trust Nasdaq Oil & Gas ETF has a 52 week low of $26.46 and a 52 week high of $40.13. The business has a 50-day moving average price of $35.56 and a 200-day moving average price of $34.20. The stock has a market cap of $165.30 million, a PE ratio of 11.81 and a beta of 0.47.
First Trust Nasdaq Oil & Gas ETF Cuts Dividend
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.
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