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

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) was the recipient of a large growth in short interest in November. As of November 30th, there was short interest totalling 18,800 shares, a growth of 180.6% from the November 15th total of 6,700 shares. Based on an average trading volume of 4,400 shares, the days-to-cover ratio is presently 4.3 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Signature Estate & Investment Advisors LLC bought a new stake in shares of First Trust Nasdaq Transportation ETF during the second quarter worth approximately $223,000. KKM Financial LLC grew its stake in shares of First Trust Nasdaq Transportation ETF by 59.5% during the third quarter. KKM Financial LLC now owns 10,424 shares of the company’s stock worth $334,000 after purchasing an additional 3,890 shares during the period. Finally, Benjamin Edwards Inc. acquired a new stake in shares of First Trust Nasdaq Transportation ETF during the third quarter worth $1,047,000.

First Trust Nasdaq Transportation ETF Stock Performance

Shares of NASDAQ FTXR traded up $0.20 during trading on Wednesday, reaching $36.39. The company had a trading volume of 2,793 shares, compared to its average volume of 4,362. First Trust Nasdaq Transportation ETF has a 52 week low of $28.05 and a 52 week high of $37.32. The business’s 50 day moving average price is $34.37 and its 200-day moving average price is $32.04. The stock has a market cap of $34.57 million, a PE ratio of 16.14 and a beta of 1.37.

First Trust Nasdaq Transportation ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a dividend of $0.1284 per share. This represents a $0.51 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend was Thursday, September 26th. This is a positive change from First Trust Nasdaq Transportation ETF’s previous quarterly dividend of $0.12.

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.