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

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) saw a significant growth in short interest in September. As of September 30th, there was short interest totalling 2,300 shares, a growth of 2,200.0% from the September 15th total of 100 shares. Based on an average daily volume of 4,100 shares, the short-interest ratio is currently 0.6 days.

First Trust Nasdaq Transportation ETF Stock Down 0.3 %

FTXR opened at $31.79 on Friday. The stock has a fifty day moving average of $30.78 and a 200-day moving average of $30.92. The firm has a market capitalization of $31.79 million, a P/E ratio of 16.14 and a beta of 1.37. First Trust Nasdaq Transportation ETF has a 12-month low of $24.76 and a 12-month high of $33.28.

First Trust Nasdaq Transportation ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a $0.1284 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 1.62%. This is a positive change from First Trust Nasdaq Transportation ETF’s previous quarterly dividend of $0.12.

Institutional Trading of First Trust Nasdaq Transportation ETF

Hedge funds have recently modified their holdings of the business. Signature Estate & Investment Advisors LLC purchased a new stake in shares of First Trust Nasdaq Transportation ETF in the second quarter valued at $223,000. Cutter & CO Brokerage Inc. raised its holdings in shares of First Trust Nasdaq Transportation ETF by 6.3% during the first quarter. Cutter & CO Brokerage Inc. now owns 14,052 shares of the company’s stock worth $453,000 after acquiring an additional 827 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. raised its holdings in shares of First Trust Nasdaq Transportation ETF by 2.0% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 28,599 shares of the company’s stock worth $921,000 after acquiring an additional 563 shares in the last quarter.

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.