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

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) saw a large growth in short interest during the month of August. As of August 14th, there was short interest totaling 49,369 shares, a growth of 147.4% from the July 30th total of 19,954 shares. Approximately 0.2% of the shares of the company are short sold. Based on an average daily volume of 62,446 shares, the short-interest ratio is currently 0.8 days.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of FTXR. Kestra Advisory Services LLC bought a new position in First Trust Nasdaq Transportation ETF in the fourth quarter worth $57,000. Geneos Wealth Management Inc. increased its holdings in First Trust Nasdaq Transportation ETF by 200.0% in the 2nd 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 period. Royal Bank of Canada raised its stake in shares of First Trust Nasdaq Transportation ETF by 38.2% in the 4th quarter. Royal Bank of Canada now owns 2,633 shares of the company’s stock valued at $102,000 after buying an additional 728 shares in the last quarter. Truist Financial Corp acquired a new position in shares of First Trust Nasdaq Transportation ETF in the 4th quarter valued at $200,000. Finally, MML Investors Services LLC bought a new position in shares of First Trust Nasdaq Transportation ETF during the 4th quarter worth about $235,000.

First Trust Nasdaq Transportation ETF Stock Performance

NASDAQ:FTXR opened at $43.86 on Friday. The firm’s 50-day moving average is $44.91 and its 200-day moving average is $42.56. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 11.80 and a beta of 1.29. First Trust Nasdaq Transportation ETF has a 52-week low of $33.62 and a 52-week high of $46.17.

First Trust Nasdaq Transportation ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a dividend of $0.1268 per share. This represents a $0.51 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend was Thursday, June 25th. This is a boost from First Trust Nasdaq Transportation ETF’s previous quarterly dividend of $0.03.

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.