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

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) was the recipient of a significant growth in short interest in the month of February. As of February 27th, there was short interest totaling 61,575 shares, a growth of 921.1% from the February 12th total of 6,030 shares. Based on an average trading volume of 3,656,292 shares, the days-to-cover ratio is presently 0.0 days. Currently, 6.8% of the company’s shares are sold short. Currently, 6.8% of the company’s shares are sold short. Based on an average trading volume of 3,656,292 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Investors Weigh In On First Trust Nasdaq Transportation ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Maridea Wealth Management LLC purchased a new position in First Trust Nasdaq Transportation ETF during the 4th quarter valued at $1,639,000. Goldman Sachs Group Inc. lifted its position in shares of First Trust Nasdaq Transportation ETF by 16.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 132,402 shares of the company’s stock worth $5,131,000 after purchasing an additional 18,497 shares during the period. Raymond James Financial Inc. bought a new stake in shares of First Trust Nasdaq Transportation ETF during the 2nd quarter valued at about $527,000. Prospera Financial Services Inc purchased a new position in shares of First Trust Nasdaq Transportation ETF during the second quarter valued at about $487,000. Finally, Citadel Advisors LLC purchased a new position in shares of First Trust Nasdaq Transportation ETF during the third quarter valued at about $539,000.

First Trust Nasdaq Transportation ETF Stock Down 2.7%

Shares of First Trust Nasdaq Transportation ETF stock traded down $1.06 during trading on Thursday, reaching $37.56. 163,404 shares of the stock were exchanged, compared to its average volume of 733,615. The firm has a market cap of $33.80 million, a price-to-earnings ratio of 11.80 and a beta of 1.31. First Trust Nasdaq Transportation ETF has a 1 year low of $25.47 and a 1 year high of $44.85. The stock’s fifty day moving average is $40.99 and its 200 day moving average is $37.81.

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.