Short Interest in First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) Grows By 29.0%

First Trust Nasdaq Oil & Gas ETF (NASDAQ:FTXN) was the recipient of a significant increase in short interest during the month of September. As of September 15th, there was short interest totalling 36,000 shares, an increase of 29.0% from the August 31st total of 27,900 shares. Based on an average trading volume of 11,100 shares, the short-interest ratio is presently 3.2 days.

Shares of NASDAQ FTXN traded down $0.27 during midday trading on Thursday, hitting $9.05. 1,210 shares of the company traded hands, compared to its average volume of 19,442. First Trust Nasdaq Oil & Gas ETF has a 12-month low of $6.48 and a 12-month high of $16.75. The stock has a 50-day moving average price of $10.79 and a 200 day moving average price of $10.52.

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Friday, September 25th were given a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a dividend yield of 3.09%. The ex-dividend date was Thursday, September 24th.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada increased its position in shares of First Trust Nasdaq Oil & Gas ETF by 78.2% during the first quarter. Royal Bank of Canada now owns 11,596 shares of the company’s stock valued at $94,000 after buying an additional 5,088 shares during the period. CWM LLC purchased a new position in shares of First Trust Nasdaq Oil & Gas ETF during the second quarter valued at about $123,000. Raymond James Financial Services Advisors Inc. purchased a new position in shares of First Trust Nasdaq Oil & Gas ETF during the second quarter valued at about $139,000. Advisor Group Holdings Inc. increased its position in shares of First Trust Nasdaq Oil & Gas ETF by 60.8% during the second quarter. Advisor Group Holdings Inc. now owns 51,581 shares of the company’s stock valued at $558,000 after buying an additional 19,510 shares during the period. Finally, Sigma Planning Corp purchased a new position in shares of First Trust Nasdaq Oil & Gas ETF during the second quarter valued at about $1,272,000.

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