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

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) saw a large growth in short interest during 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. Approximately 0.3% of the company’s shares are sold short. Based on an average trading volume of 3,944 shares, the short-interest ratio is presently 0.7 days. Based on an average trading volume of 3,944 shares, the short-interest ratio is presently 0.7 days. Approximately 0.3% of the company’s shares are sold short.

First Trust Nasdaq Transportation ETF Trading Up 0.3%

Shares of NASDAQ:FTXR traded up $0.14 during midday trading on Thursday, hitting $40.05. The company had a trading volume of 220 shares, compared to its average volume of 7,743. First Trust Nasdaq Transportation ETF has a 12 month low of $25.47 and a 12 month high of $40.86. The stock has a market cap of $34.04 million, a price-to-earnings ratio of 11.80 and a beta of 1.31. The firm has a fifty day simple moving average of $38.91 and a 200 day simple moving average of $36.04.

First Trust Nasdaq Transportation ETF Increases Dividend

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

Institutional Trading of First Trust Nasdaq Transportation ETF

A number of institutional investors and hedge funds have recently modified their holdings of FTXR. Maridea Wealth Management LLC bought a new position in First Trust Nasdaq Transportation ETF during the 4th quarter worth approximately $1,639,000. Susquehanna International Group LLP raised its holdings in First Trust Nasdaq Transportation ETF by 93.3% in the third quarter. Susquehanna International Group LLP now owns 26,716 shares of the company’s stock worth $936,000 after purchasing an additional 12,894 shares during the period. Citadel Advisors LLC bought a new position in shares of First Trust Nasdaq Transportation ETF during the third quarter worth $539,000. Two Sigma Investments LP acquired a new position in shares of First Trust Nasdaq Transportation ETF in the 3rd quarter valued at $256,000. Finally, Prospera Financial Services Inc increased its position in shares of First Trust Nasdaq Transportation ETF by 4.0% in the 3rd quarter. Prospera Financial Services Inc now owns 15,991 shares of the company’s stock valued at $561,000 after buying an additional 608 shares in the last quarter.

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.