First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) Sees Significant Growth in Short Interest

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totalling 26,300 shares, an increase of 1,043.5% from the September 30th total of 2,300 shares. Based on an average daily trading volume, of 4,600 shares, the short-interest ratio is currently 5.7 days.

Hedge Funds Weigh In On First Trust Nasdaq Transportation ETF

An institutional investor recently raised its position in First Trust Nasdaq Transportation ETF stock. Cutter & CO Brokerage Inc. lifted its holdings in First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) by 6.3% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 14,052 shares of the company’s stock after purchasing an additional 827 shares during the period. Cutter & CO Brokerage Inc. owned about 1.12% of First Trust Nasdaq Transportation ETF worth $453,000 at the end of the most recent reporting period.

First Trust Nasdaq Transportation ETF Stock Up 0.0 %

First Trust Nasdaq Transportation ETF stock traded up $0.01 during trading hours on Friday, hitting $33.05. 1,131 shares of the company traded hands, compared to its average volume of 4,448. The firm has a market cap of $31.40 million, a P/E ratio of 16.14 and a beta of 1.37. The firm’s 50-day simple moving average is $31.49 and its two-hundred day simple moving average is $30.98. First Trust Nasdaq Transportation ETF has a 1-year low of $24.76 and a 1-year high of $33.36.

First Trust Nasdaq Transportation ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were paid a dividend of $0.1284 per share. This is a boost from First Trust Nasdaq Transportation ETF’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.51 annualized dividend and a yield of 1.55%.

First Trust Nasdaq Transportation ETF Company Profile

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.