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

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) saw a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 39,155 shares, a decrease of 33.9% from the April 15th total of 59,246 shares. Approximately 0.2% of the company’s stock are sold short. Based on an average daily volume of 56,504 shares, the short-interest ratio is currently 0.7 days.

Hedge Funds Weigh In On First Trust Nasdaq Transportation ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Prospera Financial Services Inc grew its position in First Trust Nasdaq Transportation ETF by 4.0% in the 3rd quarter. Prospera Financial Services Inc now owns 15,991 shares of the company’s stock valued at $561,000 after buying an additional 608 shares during the last quarter. Royal Bank of Canada grew its position in First Trust Nasdaq Transportation ETF by 38.2% in the 4th quarter. Royal Bank of Canada now owns 2,633 shares of the company’s stock valued at $102,000 after buying an additional 728 shares during the last quarter. Geneos Wealth Management Inc. grew its position in First Trust Nasdaq Transportation ETF by 200.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 1,800 shares of the company’s stock valued at $57,000 after buying an additional 1,200 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in First Trust Nasdaq Transportation ETF in the 4th quarter valued at $57,000. Finally, Cetera Investment Advisers lifted its holdings in First Trust Nasdaq Transportation ETF by 53.1% in the first quarter. Cetera Investment Advisers now owns 10,404 shares of the company’s stock valued at $396,000 after acquiring an additional 3,607 shares during the period.

First Trust Nasdaq Transportation ETF Stock Performance

Shares of FTXR opened at $41.26 on Monday. The firm has a market cap of $930.41 million, a PE ratio of 11.80 and a beta of 1.27. The company’s 50 day simple moving average is $39.58 and its 200-day simple moving average is $39.32. First Trust Nasdaq Transportation ETF has a 12-month low of $30.48 and a 12-month high of $44.85.

First Trust Nasdaq Transportation ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were given a $0.0342 dividend. This represents a $0.14 dividend on an annualized basis and a yield of 0.3%. The ex-dividend date was Thursday, March 26th.

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.