First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) Shares Shorted: Short Interest Down 94.6% in October

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) saw a large drop in short interest in October. As of October 15th, there was short interest totaling 7,056 shares, a drop of 94.6% from the September 30th total of 130,782 shares. Based on an average daily trading volume, of 3,361,322 shares, the short-interest ratio is currently 0.0 days. Approximately 0.2% of the company’s stock are sold short.

First Trust Nasdaq Transportation ETF Trading Up 2.3%

NASDAQ:FTXR traded up $0.94 during trading hours on Tuesday, reaching $42.43. 32,702 shares of the company traded hands, compared to its average volume of 460,231. The business’s 50-day moving average price is $42.47 and its two-hundred day moving average price is $42.22. First Trust Nasdaq Transportation ETF has a 1 year low of $34.13 and a 1 year high of $46.17. The stock has a market capitalization of $167.59 million, a P/E ratio of 11.80 and a beta of 1.31.

First Trust Nasdaq Transportation ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Shareholders of record on Thursday, September 24th were paid a dividend of $0.1191 per share. The ex-dividend date was Thursday, September 24th. This represents a $0.48 dividend on an annualized basis and a yield of 1.1%. This is a decrease from First Trust Nasdaq Transportation ETF’s previous quarterly dividend of $0.1268.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Atwood & Palmer Inc. purchased a new stake in shares of First Trust Nasdaq Transportation ETF during the third quarter valued at approximately $33,000. WealthBridge Capital Management LLC raised its holdings in First Trust Nasdaq Transportation ETF by 4.2% in the 3rd quarter. WealthBridge Capital Management LLC now owns 8,790 shares of the company’s stock worth $358,000 after acquiring an additional 354 shares during the last quarter. Cetera Investment Advisers lifted its position in First Trust Nasdaq Transportation ETF by 53.1% in the 1st quarter. Cetera Investment Advisers now owns 10,404 shares of the company’s stock valued at $396,000 after acquiring an additional 3,607 shares in the last quarter. Realta Investment Advisors bought a new position in First Trust Nasdaq Transportation ETF in the 1st quarter valued at approximately $709,000. Finally, Englebert Financial Advisers LLC lifted its position in First Trust Nasdaq Transportation ETF by 14.3% in the 3rd quarter. Englebert Financial Advisers LLC now owns 17,786 shares of the company’s stock valued at $725,000 after acquiring an additional 2,226 shares in the last quarter.

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.