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

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) was the target of a large decrease in short interest in the month of July. As of July 31st, there was short interest totaling 19,954 shares, a decrease of 58.9% from the July 15th total of 48,578 shares. Approximately 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 394,468 shares, the days-to-cover ratio is currently 0.1 days.

Hedge Funds Weigh In On First Trust Nasdaq Transportation ETF

A number of hedge funds have recently made changes to their positions in FTXR. First Trust Advisors LP purchased a new stake in shares of First Trust Nasdaq Transportation ETF during the first quarter worth approximately $669,272,000. NewEdge Advisors LLC boosted its position in First Trust Nasdaq Transportation ETF by 31,579.5% during the first quarter. NewEdge Advisors LLC now owns 383,005 shares of the company’s stock worth $14,596,000 after acquiring an additional 381,796 shares during the last quarter. Royal Bank of Canada grew its stake in First Trust Nasdaq Transportation ETF by 5,525.7% during the 1st quarter. Royal Bank of Canada now owns 148,125 shares of the company’s stock valued at $5,645,000 after acquiring an additional 145,492 shares in the last quarter. Davis Investment Partners LLC purchased a new stake in First Trust Nasdaq Transportation ETF during the 1st quarter valued at about $1,243,000. Finally, World Investment Advisors acquired a new stake in First Trust Nasdaq Transportation ETF in the 1st quarter valued at about $985,000.

First Trust Nasdaq Transportation ETF Trading Up 0.1%

FTXR traded up $0.03 during midday trading on Friday, hitting $45.23. 96,870 shares of the company traded hands, compared to its average volume of 334,921. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 11.80 and a beta of 1.29. First Trust Nasdaq Transportation ETF has a 52-week low of $33.62 and a 52-week high of $46.17. The business has a 50 day simple moving average of $44.97 and a two-hundred day simple moving average of $42.32.

First Trust Nasdaq Transportation ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.1268 dividend. This represents a $0.51 annualized dividend and a yield of 1.1%. The ex-dividend date was Thursday, June 25th. This is a positive change from First Trust Nasdaq Transportation ETF’s previous quarterly dividend of $0.03.

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.