Unusual Trading Volume for First Trust Nasdaq Oil & Gas ETF

The First Trust Nasdaq Oil & Gas ETF is experiencing significant trading activity this Tuesday afternoon, with over 118,000 shares exchanged. This contrasts sharply with the three-month average volume of approximately 38,000 shares. Currently, shares of FTXN are down about 0.5% for the day.

Top ETF Components by Trading Volume

Within the ETF, Schlumberger leads in volume, trading down approximately 1.2% with over 5.3 million shares swapped. Halliburton also sees considerable movement, decreasing about 0.6% on volume exceeding 3.0 million shares. Conversely, Kinetik Holdings has shown the most strength today, increasing by about 1.8%. On the other hand, Texas Pacific Land is trailing behind other components, trading lower by roughly 1.9%.

VIDEO: Tuesday’s ETF with Unusual Volume: FTXN

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.