First Trust Nasdaq Transportation ETF (NASDAQ:FTXR – Get 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
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.
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