First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) Short Interest Update

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

First Trust Nasdaq Transportation ETF Trading Down 1.8%

First Trust Nasdaq Transportation ETF stock traded down $0.77 during mid-day trading on Thursday, hitting $42.31. The company had a trading volume of 36,015 shares, compared to its average volume of 7,869. First Trust Nasdaq Transportation ETF has a 12 month low of $25.47 and a 12 month high of $43.72. The company has a market capitalization of $38.08 million, a PE ratio of 11.80 and a beta of 1.31. The stock’s 50 day moving average price is $40.08 and its two-hundred day moving average price is $36.69.

First Trust Nasdaq Transportation ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were given a dividend of $0.1692 per share. 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 annualized dividend and a yield of 1.6%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Geneos Wealth Management Inc. grew its holdings in shares of First Trust Nasdaq Transportation ETF by 200.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,800 shares of the company’s stock valued at $57,000 after buying an additional 1,200 shares during the last quarter. Truist Financial Corp bought a new position in First Trust Nasdaq Transportation ETF in the 4th quarter valued at approximately $200,000. Osaic Holdings Inc. boosted its stake in First Trust Nasdaq Transportation ETF by 880.3% during the 2nd quarter. Osaic Holdings Inc. now owns 7,960 shares of the company’s stock valued at $252,000 after purchasing an additional 7,148 shares during the last quarter. Two Sigma Investments LP bought a new stake in shares of First Trust Nasdaq Transportation ETF in the 3rd quarter worth $256,000. Finally, Royal Bank of Canada bought a new stake in shares of First Trust Nasdaq Transportation ETF in the 1st quarter worth $290,000.

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.