Short Interest in First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) Grows By 10.6%

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) saw a large growth in short interest during the month of December. As of December 15th, there was short interest totalling 20,800 shares, a growth of 10.6% from the November 30th total of 18,800 shares. Based on an average daily volume of 4,500 shares, the days-to-cover ratio is currently 4.6 days.

Institutional Investors Weigh In On First Trust Nasdaq Transportation ETF

A hedge fund recently raised its stake in First Trust Nasdaq Transportation ETF stock. KKM Financial LLC raised its stake in First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) by 59.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,424 shares of the company’s stock after purchasing an additional 3,890 shares during the quarter. KKM Financial LLC owned approximately 1.10% of First Trust Nasdaq Transportation ETF worth $334,000 at the end of the most recent reporting period.

First Trust Nasdaq Transportation ETF Price Performance

Shares of First Trust Nasdaq Transportation ETF stock traded down $0.19 on Wednesday, hitting $34.38. 2,563 shares of the company’s stock traded hands, compared to its average volume of 4,394. First Trust Nasdaq Transportation ETF has a one year low of $28.05 and a one year high of $37.32. The stock has a market capitalization of $32.66 million, a PE ratio of 16.14 and a beta of 1.37. The firm’s 50-day moving average price is $35.25 and its two-hundred day moving average price is $32.55.

First Trust Nasdaq Transportation ETF Increases Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were issued a dividend of $0.3989 per share. This is an increase from First Trust Nasdaq Transportation ETF’s previous dividend of $0.09. The ex-dividend date of this dividend was Friday, December 13th.

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.