First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) Short Interest Up 921.1% in February

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) saw a large growth in short interest in February. As of February 27th, there was short interest totaling 61,575 shares, a growth of 921.1% from the February 12th total of 6,030 shares. Based on an average daily volume of 3,656,292 shares, the days-to-cover ratio is presently 0.0 days. Currently, 6.8% of the shares of the company are short sold. Currently, 6.8% of the shares of the company are short sold. Based on an average daily volume of 3,656,292 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On First Trust Nasdaq Transportation ETF

Several institutional investors have recently modified their holdings of FTXR. Goldman Sachs Group Inc. increased its stake in First Trust Nasdaq Transportation ETF by 16.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 132,402 shares of the company’s stock valued at $5,131,000 after purchasing an additional 18,497 shares in the last quarter. Maridea Wealth Management LLC purchased a new stake in First Trust Nasdaq Transportation ETF during the fourth quarter worth $1,639,000. Susquehanna International Group LLP grew its holdings in First Trust Nasdaq Transportation ETF by 93.3% in the third quarter. Susquehanna International Group LLP now owns 26,716 shares of the company’s stock valued at $936,000 after purchasing an additional 12,894 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in First Trust Nasdaq Transportation ETF in the second quarter valued at $527,000. Finally, Prospera Financial Services Inc increased its position in shares of First Trust Nasdaq Transportation ETF by 4.0% in the third quarter. Prospera Financial Services Inc now owns 15,991 shares of the company’s stock valued at $561,000 after buying an additional 608 shares in the last quarter.

First Trust Nasdaq Transportation ETF Price Performance

NASDAQ FTXR traded down $0.32 on Tuesday, hitting $38.76. 147,804 shares of the company’s stock were exchanged, compared to its average volume of 758,915. The firm has a market cap of $34.88 million, a price-to-earnings ratio of 11.80 and a beta of 1.31. The firm’s 50-day moving average price is $40.99 and its two-hundred day moving average price is $37.81. First Trust Nasdaq Transportation ETF has a fifty-two week low of $25.47 and a fifty-two week high of $44.85.

First Trust Nasdaq Transportation ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a $0.1692 dividend. This represents a $0.68 annualized dividend and a dividend yield of 1.7%. This is a positive change from First Trust Nasdaq Transportation ETF’s previous quarterly dividend of $0.11. The ex-dividend date was Friday, December 12th.

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.