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

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) saw a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 13,577 shares, an increase of 374.6% from the January 15th total of 2,861 shares. Currently, 1.5% of the company’s stock are short sold. Based on an average daily volume of 10,865 shares, the days-to-cover ratio is presently 1.2 days. Based on an average daily volume of 10,865 shares, the days-to-cover ratio is presently 1.2 days. Currently, 1.5% of the company’s stock are short sold.

First Trust Nasdaq Transportation ETF Price Performance

NASDAQ:FTXR opened at $42.85 on Wednesday. First Trust Nasdaq Transportation ETF has a 1-year low of $25.47 and a 1-year high of $43.06. The company has a market capitalization of $38.57 million, a PE ratio of 11.80 and a beta of 1.31. The firm’s 50-day moving average price is $39.88 and its 200-day moving average price is $36.60.

First Trust Nasdaq Transportation ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were paid a dividend of $0.1692 per share. The ex-dividend date was Friday, December 12th. This is a positive change from First Trust Nasdaq Transportation ETF’s previous quarterly dividend of $0.11. This represents a $0.68 dividend on an annualized basis and a yield of 1.6%.

Hedge Funds Weigh In On First Trust Nasdaq Transportation ETF

Several institutional investors and hedge funds have recently modified their holdings of FTXR. Geneos Wealth Management Inc. raised its position in shares of 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 worth $57,000 after purchasing an additional 1,200 shares during the last quarter. Truist Financial Corp bought a new stake in First Trust Nasdaq Transportation ETF during the 4th quarter valued at about $200,000. Osaic Holdings Inc. raised its holdings in First Trust Nasdaq Transportation ETF by 880.3% in the second quarter. Osaic Holdings Inc. now owns 7,960 shares of the company’s stock worth $252,000 after buying an additional 7,148 shares during the last quarter. Two Sigma Investments LP bought a new position in shares of First Trust Nasdaq Transportation ETF in the third quarter worth approximately $256,000. Finally, Royal Bank of Canada purchased a new stake in shares of First Trust Nasdaq Transportation ETF during the first quarter valued at approximately $290,000.

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.