First Trust Nasdaq Oil & Gas ETF (FTXN)
First Trust Nasdaq Oil & Gas ETF operates in the Asset Management - Global industry of the Financial Services sector, headquartered in Wheaton, IL, US. The stock last traded at $38.60, down 0.97% on the session, giving a market capitalisation of $124.3M. Its beta of -0.05 implies it has historically moved less than the broad market.
The First Trust Nasdaq Oil & Gas ETF (FTXN) is an exchange-traded fund whose principal objective is to mirror the overall performance—both price appreciation and dividend yield—of the Nasdaq US Smart Oil & Gas Index. This tracking aims to reflect the index's returns before the ETF's own operational costs are factored in. To achieve this, the fund seeks to replicate the specific securities and their proportional representation within the Nasdaq US Smart Oil & Gas Index, targeting a performance correlation of at least 95% with the benchmark.
First Trust Nasdaq Oil & Gas ETF is most often compared with the following Financial Services names: