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

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) was the target of a large growth in short interest in January. As of January 30th, there was short interest totaling 13,577 shares, a growth of 374.6% from the January 15th total of 2,861 shares. Currently, 1.5% of the company’s stock are short sold. Based on an average trading volume of 10,865 shares, the days-to-cover ratio is currently 1.2 days. Based on an average trading volume of 10,865 shares, the days-to-cover ratio is currently 1.2 days. Currently, 1.5% of the company’s stock are short sold.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the stock. Goldman Sachs Group Inc. boosted its holdings in First Trust Nasdaq Transportation ETF by 16.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 132,402 shares of the company’s stock worth $5,131,000 after purchasing an additional 18,497 shares during the last quarter. Maridea Wealth Management LLC bought a new position in shares of First Trust Nasdaq Transportation ETF during the 4th quarter valued at $1,639,000. Susquehanna International Group LLP boosted its stake in shares of First Trust Nasdaq Transportation ETF by 93.3% in the 3rd quarter. Susquehanna International Group LLP now owns 26,716 shares of the company’s stock worth $936,000 after buying an additional 12,894 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of First Trust Nasdaq Transportation ETF in the second quarter worth $527,000. Finally, Prospera Financial Services Inc grew its holdings in shares of First Trust Nasdaq Transportation ETF by 4.0% in the third quarter. Prospera Financial Services Inc now owns 15,991 shares of the company’s stock worth $561,000 after acquiring an additional 608 shares during the period.

First Trust Nasdaq Transportation ETF Price Performance

FTXR stock opened at $42.85 on Wednesday. First Trust Nasdaq Transportation ETF has a 1-year low of $25.47 and a 1-year high of $43.06. The business has a fifty day moving average price of $39.88 and a 200-day moving average price of $36.60. The stock has a market capitalization of $38.57 million, a P/E ratio of 11.80 and a beta of 1.31.

First Trust Nasdaq Transportation ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a $0.1692 dividend. This is a positive change from First Trust Nasdaq Transportation ETF’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.68 dividend on an annualized basis and a yield of 1.6%.

First Trust Nasdaq Transportation ETF Company Profile

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.