First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) Short Interest Down 58.9% in July

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) was the recipient of a significant decline in short interest during the month of July. As of July 31st, there was short interest totaling 19,954 shares, a decline of 58.9% from the July 15th total of 48,578 shares. Based on an average daily volume of 394,468 shares, the short-interest ratio is currently 0.1 days. Currently, 0.1% of the shares of the company are short sold.

First Trust Nasdaq Transportation ETF Stock Up 0.1%

Shares of NASDAQ FTXR traded up $0.03 during mid-day trading on Friday, reaching $45.23. 96,870 shares of the company were exchanged, compared to its average volume of 334,921. The stock has a market capitalization of $1.07 billion, a P/E ratio of 11.80 and a beta of 1.29. The company’s 50-day simple moving average is $44.97 and its 200-day simple moving average is $42.32. First Trust Nasdaq Transportation ETF has a twelve month low of $33.62 and a twelve month high of $46.17.

First Trust Nasdaq Transportation ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a dividend of $0.1268 per share. This represents a $0.51 annualized dividend and a yield of 1.1%. This is a boost from First Trust Nasdaq Transportation ETF’s previous quarterly dividend of $0.03. The ex-dividend date was Thursday, June 25th.

Hedge Funds Weigh In On First Trust Nasdaq Transportation ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. NewEdge Advisors LLC lifted its holdings in shares of First Trust Nasdaq Transportation ETF by 31,579.5% during the first quarter. NewEdge Advisors LLC now owns 383,005 shares of the company’s stock worth $14,596,000 after buying an additional 381,796 shares in the last quarter. Royal Bank of Canada boosted its holdings in First Trust Nasdaq Transportation ETF by 5,525.7% in the 1st quarter. Royal Bank of Canada now owns 148,125 shares of the company’s stock valued at $5,645,000 after purchasing an additional 145,492 shares during the period. Cetera Investment Advisers grew its position in shares of First Trust Nasdaq Transportation ETF by 53.1% during the 1st quarter. Cetera Investment Advisers now owns 10,404 shares of the company’s stock worth $396,000 after purchasing an additional 3,607 shares in the last quarter. First Trust Advisors LP bought a new position in shares of First Trust Nasdaq Transportation ETF during the first quarter worth approximately $669,272,000. Finally, World Investment Advisors bought a new position in shares of First Trust Nasdaq Transportation ETF during the first quarter worth approximately $985,000.

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.