First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) Shares Shorted: Short Interest Up 309.1% in October

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) was the recipient of a significant growth in short interest in October. As of October 30th, there was short interest totaling 28,865 shares, a growth of 309.1% from the October 15th total of 7,056 shares. Approximately 0.8% of the shares of the company are short sold. Based on an average daily volume of 142,891 shares, the short-interest ratio is currently 0.2 days.

First Trust Nasdaq Transportation ETF Stock Up 1.0%

NASDAQ FTXR opened at $44.04 on Thursday. The company’s 50 day moving average is $42.21 and its 200-day moving average is $42.40. First Trust Nasdaq Transportation ETF has a 12-month low of $34.13 and a 12-month high of $46.17. The firm has a market cap of $160.75 million, a P/E ratio of 21.30 and a beta of 1.29.

First Trust Nasdaq Transportation ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were issued a $0.1191 dividend. 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. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.1%.

Hedge Funds Weigh In On First Trust Nasdaq Transportation ETF

Several hedge funds have recently bought and sold shares of FTXR. First Trust Advisors LP purchased a new position in First Trust Nasdaq Transportation ETF during the first quarter worth about $669,272,000. Nilsine Partners LLC lifted its position in First Trust Nasdaq Transportation ETF by 2.6% during the second 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 during the last quarter. NewEdge Advisors LLC grew its stake in 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 buying an additional 25,341 shares in the last quarter. Royal Bank of Canada grew its stake in First Trust Nasdaq Transportation ETF by 5,525.7% in the 1st quarter. Royal Bank of Canada now owns 148,125 shares of the company’s stock worth $5,645,000 after buying an additional 145,492 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its stake in 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 buying an additional 13,970 shares in the last quarter.

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.