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

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) was the target of a significant increase in short interest during the month of March. As of March 13th, there was short interest totaling 121,964 shares, an increase of 98.1% from the February 26th total of 61,575 shares. Based on an average daily volume of 199,557 shares, the days-to-cover ratio is presently 0.6 days. Approximately 13.6% of the company’s stock are short sold.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FTXR. Royal Bank of Canada bought a new position in First Trust Nasdaq Transportation ETF during the first quarter valued at $290,000. Raymond James Financial Inc. purchased a new position in shares of First Trust Nasdaq Transportation ETF during the 2nd quarter valued at $527,000. Geneos Wealth Management Inc. grew its stake in shares of First Trust Nasdaq Transportation ETF by 200.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,800 shares of the company’s stock worth $57,000 after acquiring an additional 1,200 shares during the period. Osaic Holdings Inc. increased its holdings in First Trust Nasdaq Transportation ETF by 880.3% in the 2nd quarter. Osaic Holdings Inc. now owns 7,960 shares of the company’s stock worth $252,000 after acquiring an additional 7,148 shares during the last quarter. Finally, Prospera Financial Services Inc raised its stake in First Trust Nasdaq Transportation ETF by 4.0% in the 3rd quarter. Prospera Financial Services Inc now owns 15,991 shares of the company’s stock valued at $561,000 after acquiring an additional 608 shares during the period.

First Trust Nasdaq Transportation ETF Stock Performance

NASDAQ:FTXR traded down $0.50 on Thursday, hitting $38.03. The stock had a trading volume of 136,815 shares, compared to its average volume of 625,002. First Trust Nasdaq Transportation ETF has a 1 year low of $25.47 and a 1 year high of $44.85. The firm’s fifty day simple moving average is $40.56 and its two-hundred day simple moving average is $38.03. The stock has a market cap of $34.23 million, a P/E ratio of 11.80 and a beta of 1.31.

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.