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

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) was the target of a significant decline in short interest during the month of October. As of October 15th, there was short interest totaling 7,056 shares, a decline of 94.6% from the September 30th total of 130,782 shares. Based on an average trading volume of 3,361,322 shares, the short-interest ratio is currently 0.0 days. Currently, 0.2% of the company’s stock are sold short.

First Trust Nasdaq Transportation ETF Trading Down 0.8%

Shares of FTXR stock traded down $0.34 during mid-day trading on Wednesday, reaching $42.26. The stock had a trading volume of 133,187 shares, compared to its average volume of 458,798. First Trust Nasdaq Transportation ETF has a 1-year low of $34.13 and a 1-year high of $46.17. The firm has a market cap of $166.94 million, a price-to-earnings ratio of 11.80 and a beta of 1.31. The business’s fifty day moving average is $42.42 and its 200-day moving average is $42.24.

First Trust Nasdaq Transportation ETF Cuts Dividend

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

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Atwood & Palmer Inc. purchased a new stake in shares of First Trust Nasdaq Transportation ETF in the third quarter worth about $33,000. WealthBridge Capital Management LLC increased its holdings in shares of First Trust Nasdaq Transportation ETF by 4.2% during the 3rd quarter. WealthBridge Capital Management LLC now owns 8,790 shares of the company’s stock valued at $358,000 after purchasing an additional 354 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of First Trust Nasdaq Transportation ETF by 53.1% during the 1st quarter. Cetera Investment Advisers now owns 10,404 shares of the company’s stock valued at $396,000 after purchasing an additional 3,607 shares in the last quarter. Realta Investment Advisors purchased a new position in shares of First Trust Nasdaq Transportation ETF during the 1st quarter valued at approximately $709,000. Finally, Englebert Financial Advisers LLC lifted its stake in shares of First Trust Nasdaq Transportation ETF by 14.3% in the 3rd quarter. Englebert Financial Advisers LLC now owns 17,786 shares of the company’s stock valued at $725,000 after purchasing an additional 2,226 shares during the period.

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.