First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) Stock Short Interest Climbs 309.1%

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) was the recipient of a large increase in short interest in the month of October. As of October 30th, there was short interest totaling 28,865 shares, an increase of 309.1% from the October 15th total of 7,056 shares. Approximately 0.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 142,891 shares, the short-interest ratio is currently 0.2 days.

First Trust Nasdaq Transportation ETF Stock Down 0.1%

First Trust Nasdaq Transportation ETF stock traded down $0.06 during trading hours on Friday, hitting $43.32. 176,501 shares of the company traded hands, compared to its average volume of 439,329. First Trust Nasdaq Transportation ETF has a 1-year low of $34.13 and a 1-year high of $46.17. The firm has a market cap of $158.12 million, a P/E ratio of 21.30 and a beta of 1.29. The firm’s 50-day simple moving average is $42.22 and its two-hundred day simple moving average is $42.42.

First Trust Nasdaq Transportation ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were issued a $0.1191 dividend. This represents a $0.48 annualized dividend and a dividend yield of 1.1%. This is a drop from First Trust Nasdaq Transportation ETF’s previous quarterly dividend of $0.1268. The ex-dividend date was Thursday, September 24th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Atwood & Palmer Inc. bought a new stake in First Trust Nasdaq Transportation ETF during the third quarter worth approximately $33,000. Parallel Advisors LLC boosted its stake in First Trust Nasdaq Transportation ETF by 420.6% during the 3rd quarter. Parallel Advisors LLC now owns 1,817 shares of the company’s stock valued at $74,000 after purchasing an additional 1,468 shares in the last quarter. HighTower Advisors LLC acquired a new position in shares of First Trust Nasdaq Transportation ETF during the 3rd quarter valued at $258,000. WealthBridge Capital Management LLC increased its position in shares of First Trust Nasdaq Transportation ETF by 4.2% during the 3rd quarter. WealthBridge Capital Management LLC now owns 8,790 shares of the company’s stock valued at $358,000 after purchasing an additional 354 shares during the period. Finally, Claro Advisors Inc. increased its position in shares of First Trust Nasdaq Transportation ETF by 3.4% during the 3rd quarter. Claro Advisors Inc. now owns 9,326 shares of the company’s stock valued at $380,000 after purchasing an additional 304 shares during the period.

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.