Short Interest in First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) Expands By 147.4%

First Trust Nasdaq Transportation ETF (NASDAQ:FTXRGet Free Report) was the recipient of a large growth in short interest in 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 company’s shares are sold short. Based on an average daily trading volume, of 62,446 shares, the days-to-cover ratio is presently 0.8 days.

First Trust Nasdaq Transportation ETF Trading Up 0.0%

FTXR opened at $44.40 on Friday. The stock’s 50-day moving average price is $44.92 and its 200 day moving average price is $42.55. First Trust Nasdaq Transportation ETF has a 12-month low of $33.62 and a 12-month high of $46.17. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 11.80 and a beta of 1.29.

First Trust Nasdaq Transportation ETF Increases Dividend

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

Institutional Investors Weigh In On First Trust Nasdaq Transportation ETF

Large investors have recently added to or reduced their stakes in the business. First Trust Advisors LP purchased a new position in First Trust Nasdaq Transportation ETF in the 1st quarter valued at approximately $669,272,000. NewEdge Advisors LLC grew its stake in First Trust Nasdaq Transportation ETF by 31,579.5% during the 1st quarter. NewEdge Advisors LLC now owns 383,005 shares of the company’s stock worth $14,596,000 after purchasing an additional 381,796 shares in the last quarter. Royal Bank of Canada grew its stake in First Trust Nasdaq Transportation ETF by 5,525.7% during the 1st quarter. Royal Bank of Canada now owns 148,125 shares of the company’s stock worth $5,645,000 after purchasing an additional 145,492 shares in the last quarter. Davis Investment Partners LLC purchased a new stake in First Trust Nasdaq Transportation ETF during the 1st quarter worth about $1,243,000. Finally, World Investment Advisors acquired a new stake in First Trust Nasdaq Transportation ETF in the 1st quarter valued at about $985,000.

About First Trust Nasdaq Transportation ETF

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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.

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