First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) Short Interest Update

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) was the target of a significant decline in short interest in December. As of December 31st, there was short interest totaling 242 shares, a decline of 99.2% from the December 15th total of 31,636 shares. Approximately 0.0% of the company’s shares are sold short. Based on an average trading volume of 9,204 shares, the short-interest ratio is presently 0.0 days. Based on an average trading volume of 9,204 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Investors Weigh In On First Trust Nasdaq Transportation ETF

Several hedge funds have recently made changes to their positions in the company. Royal Bank of Canada bought a new position in First Trust Nasdaq Transportation ETF in the first quarter worth $290,000. Prospera Financial Services Inc purchased a new stake in shares of First Trust Nasdaq Transportation ETF in the 2nd quarter worth about $487,000. Raymond James Financial Inc. bought a new position in shares of First Trust Nasdaq Transportation ETF in the 2nd quarter worth about $527,000. Geneos Wealth Management Inc. increased its stake 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 acquiring an additional 1,200 shares in the last quarter. Finally, Osaic Holdings Inc. lifted its position in First Trust Nasdaq Transportation ETF by 880.3% during the 2nd quarter. Osaic Holdings Inc. now owns 7,960 shares of the company’s stock valued at $252,000 after acquiring an additional 7,148 shares during the period.

First Trust Nasdaq Transportation ETF Trading Down 1.1%

NASDAQ FTXR traded down $0.43 during trading on Wednesday, hitting $39.96. The company had a trading volume of 877 shares, compared to its average volume of 4,019. The company’s fifty day moving average is $37.91 and its 200-day moving average is $35.49. The company has a market cap of $33.97 million, a price-to-earnings ratio of 11.80 and a beta of 1.31. First Trust Nasdaq Transportation ETF has a one year low of $25.47 and a one year high of $40.64.

First Trust Nasdaq Transportation ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a $0.1692 dividend. The ex-dividend date of this dividend was Friday, December 12th. This represents a $0.68 annualized dividend and a dividend yield of 1.7%. This is an increase from First Trust Nasdaq Transportation ETF’s previous quarterly dividend of $0.11.

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.