First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) Stock Short Interest Report for October

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) saw a significant decline in short interest in October. As of October 15th, there was short interest totaling 7,056 shares, a decline of 94.6% from the September 30th total of 130,782 shares. Currently, 0.2% of the shares of the stock are sold short. Based on an average daily volume of 3,361,322 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Trust Advisors LP acquired a new stake in First Trust Nasdaq Transportation ETF in the 1st quarter valued at about $669,272,000. Nilsine Partners LLC raised its stake in shares of First Trust Nasdaq Transportation ETF by 2.6% in the second quarter. Nilsine Partners LLC now owns 465,155 shares of the company’s stock worth $21,198,000 after acquiring an additional 11,794 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of First Trust Nasdaq Transportation ETF by 6.6% during the second quarter. NewEdge Advisors LLC now owns 408,346 shares of the company’s stock worth $18,609,000 after purchasing an additional 25,341 shares in the last quarter. Royal Bank of Canada lifted its position in shares of First Trust Nasdaq Transportation ETF by 5,525.7% during the first 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. Finally, Envestnet Asset Management Inc. lifted its position in shares of First Trust Nasdaq Transportation ETF by 35.6% during the second quarter. Envestnet Asset Management Inc. now owns 53,207 shares of the company’s stock worth $2,425,000 after purchasing an additional 13,970 shares in the last quarter.

First Trust Nasdaq Transportation ETF Price Performance

Shares of FTXR stock traded up $0.47 during trading hours on Monday, hitting $41.49. 103,693 shares of the company’s stock were exchanged, compared to its average volume of 462,319. The stock’s 50-day moving average is $42.47 and its 200-day moving average is $42.22. The stock has a market cap of $168.03 million, a price-to-earnings ratio of 11.80 and a beta of 1.31. First Trust Nasdaq Transportation ETF has a 52 week low of $34.13 and a 52 week high of $46.17.

First Trust Nasdaq Transportation ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a $0.1191 dividend. This is a negative change from First Trust Nasdaq Transportation ETF’s previous quarterly dividend of $0.1268. This represents a $0.48 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Thursday, September 24th.

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.