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

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) was the recipient of a significant growth in short interest in the month of 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. Based on an average trading volume of 362,127 shares, the short-interest ratio is currently 0.4 days. Approximately 0.5% of the shares of the stock are sold short.

Institutional Trading of First Trust Nasdaq Transportation ETF

Large investors have recently made changes to their positions in the stock. Atwood & Palmer Inc. acquired a new stake in First Trust Nasdaq Transportation ETF during the third quarter worth about $33,000. Envestnet Asset Management Inc. raised its holdings in shares of First Trust Nasdaq Transportation ETF by 35.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 53,207 shares of the company’s stock worth $2,425,000 after purchasing an additional 13,970 shares during the period. NewEdge Advisors LLC raised its holdings in shares of First Trust Nasdaq Transportation ETF by 6.6% in the 2nd quarter. NewEdge Advisors LLC now owns 408,346 shares of the company’s stock worth $18,609,000 after purchasing an additional 25,341 shares during the period. Nilsine Partners LLC lifted its stake in shares of First Trust Nasdaq Transportation ETF by 2.6% in the 2nd quarter. Nilsine Partners LLC now owns 465,155 shares of the company’s stock valued at $21,198,000 after purchasing an additional 11,794 shares in the last quarter. Finally, Tudor Financial Inc. lifted its stake in shares of First Trust Nasdaq Transportation ETF by 1,108.9% in the 2nd quarter. Tudor Financial Inc. now owns 22,111 shares of the company’s stock valued at $1,008,000 after purchasing an additional 20,282 shares in the last quarter.

First Trust Nasdaq Transportation ETF Trading Up 0.2%

Shares of FTXR opened at $41.45 on Wednesday. First Trust Nasdaq Transportation ETF has a twelve month low of $34.13 and a twelve month high of $46.17. The firm has a market capitalization of $1.05 billion, a P/E ratio of 11.80 and a beta of 1.31. The firm’s 50-day moving average is $43.12 and its two-hundred day moving average is $42.97.

First Trust Nasdaq Transportation ETF Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were paid a $0.1191 dividend. This represents a $0.48 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Thursday, September 24th. This is a decrease from First Trust Nasdaq Transportation ETF’s previous quarterly dividend of $0.1268.

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.