Short Interest in First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) Expands By 1,082.2%

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) saw a significant growth in short interest in the month of January. As of January 15th, there was short interest totaling 2,861 shares, a growth of 1,082.2% from the December 31st total of 242 shares. Based on an average daily trading volume, of 3,944 shares, the short-interest ratio is presently 0.7 days. Approximately 0.3% of the company’s stock are short sold. Approximately 0.3% of the company’s stock are short sold. Based on an average daily trading volume, of 3,944 shares, the short-interest ratio is presently 0.7 days.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Prospera Financial Services Inc increased its stake in First Trust Nasdaq Transportation ETF by 4.0% during the 3rd quarter. Prospera Financial Services Inc now owns 15,991 shares of the company’s stock worth $561,000 after buying an additional 608 shares during the period. Geneos Wealth Management Inc. grew its stake in shares of First Trust Nasdaq Transportation ETF by 200.0% during the second quarter. Geneos Wealth Management Inc. now owns 1,800 shares of the company’s stock valued at $57,000 after acquiring an additional 1,200 shares in the last quarter. Osaic Holdings Inc. increased its position in shares of First Trust Nasdaq Transportation ETF by 880.3% during the second quarter. Osaic Holdings Inc. now owns 7,960 shares of the company’s stock worth $252,000 after acquiring an additional 7,148 shares during the last quarter. Two Sigma Investments LP acquired a new position in shares of First Trust Nasdaq Transportation ETF in the third quarter worth about $256,000. Finally, Royal Bank of Canada acquired a new position in shares of First Trust Nasdaq Transportation ETF in the first quarter worth about $290,000.

First Trust Nasdaq Transportation ETF Stock Performance

Shares of FTXR stock traded up $0.34 during trading hours on Tuesday, reaching $40.15. The company had a trading volume of 8,335 shares, compared to its average volume of 8,420. The company has a market capitalization of $34.12 million, a P/E ratio of 11.80 and a beta of 1.31. First Trust Nasdaq Transportation ETF has a twelve month low of $25.47 and a twelve month high of $40.86. The stock’s fifty day simple moving average is $38.80 and its 200 day simple moving average is $36.01.

First Trust Nasdaq Transportation ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a dividend of $0.1692 per share. This is an increase 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 dividend yield of 1.7%. The ex-dividend date was Friday, December 12th.

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.