First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) Sees Significant Growth in Short Interest

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) was the target of a large growth in short interest in September. As of September 30th, there was short interest totaling 130,782 shares, a growth of 224.6% from the September 15th total of 40,296 shares. Approximately 0.5% of the shares of the stock are short sold. Based on an average trading volume of 362,127 shares, the days-to-cover ratio is presently 0.4 days.

Institutional Trading of First Trust Nasdaq Transportation ETF

Large investors have recently made changes to their positions in the business. First Trust Advisors LP bought a new stake in First Trust Nasdaq Transportation ETF during the 1st quarter worth about $669,272,000. NewEdge Advisors LLC increased its position in First Trust Nasdaq Transportation ETF by 31,579.5% in the 1st quarter. NewEdge Advisors LLC now owns 383,005 shares of the company’s stock valued at $14,596,000 after acquiring an additional 381,796 shares in the last quarter. Royal Bank of Canada raised its stake in shares of First Trust Nasdaq Transportation ETF by 5,525.7% in the first quarter. Royal Bank of Canada now owns 148,125 shares of the company’s stock worth $5,645,000 after acquiring an additional 145,492 shares during the last quarter. Davis Investment Partners LLC bought a new position in shares of First Trust Nasdaq Transportation ETF in the first quarter worth about $1,243,000. Finally, World Investment Advisors acquired a new position in shares of First Trust Nasdaq Transportation ETF during the first quarter worth approximately $985,000.

First Trust Nasdaq Transportation ETF Trading Up 0.0%

NASDAQ FTXR traded up $0.02 during trading hours on Tuesday, reaching $41.39. 194,778 shares of the company’s stock were exchanged, compared to its average volume of 475,453. The stock has a market cap of $1.05 billion, a PE ratio of 11.80 and a beta of 1.31. First Trust Nasdaq Transportation ETF has a one year low of $34.13 and a one year high of $46.17. The firm has a fifty day moving average of $43.21 and a 200-day moving average of $42.95.

First Trust Nasdaq Transportation ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were paid a $0.1191 dividend. This is a decrease from First Trust Nasdaq Transportation ETF’s previous quarterly dividend of $0.1268. This represents a $0.48 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Thursday, September 24th.

About First Trust Nasdaq Transportation ETF

The First Trust Nasdaq Transportation ETF (FTXR) is an exchange-traded fund that is based on the Nasdaq US Smart Transportation index. The fund tracks an index composed of 30 US transportation companies. Holdings are selected by liquidity and weighted based on volatility, value and growth factors. FTXR was launched on Sep 20, 2016 and is managed by First Trust.