First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) Sees Large Increase in Short Interest

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) saw a significant increase in short interest during the month of October. As of October 15th, there was short interest totalling 26,300 shares, an increase of 1,043.5% from the September 30th total of 2,300 shares. Based on an average daily trading volume, of 4,600 shares, the days-to-cover ratio is currently 5.7 days.

Institutional Investors Weigh In On First Trust Nasdaq Transportation ETF

A hedge fund recently raised its stake in First Trust Nasdaq Transportation ETF stock. Cutter & CO Brokerage Inc. grew its stake in shares of First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) by 6.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,052 shares of the company’s stock after acquiring an additional 827 shares during the period. Cutter & CO Brokerage Inc. owned about 1.12% of First Trust Nasdaq Transportation ETF worth $453,000 at the end of the most recent reporting period.

First Trust Nasdaq Transportation ETF Trading Up 0.0 %

Shares of NASDAQ:FTXR traded up $0.01 during midday trading on Friday, hitting $33.05. The stock had a trading volume of 1,138 shares, compared to its average volume of 4,448. The company has a market capitalization of $31.40 million, a PE ratio of 16.14 and a beta of 1.37. First Trust Nasdaq Transportation ETF has a 1 year low of $24.76 and a 1 year high of $33.36. The stock has a 50 day moving average price of $31.55 and a two-hundred day moving average price of $30.99.

First Trust Nasdaq Transportation ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a dividend of $0.1284 per share. This represents a $0.51 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date 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.