Short Interest in First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) Declines By 80.0%

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) was the target of a large decrease in short interest in September. As of September 15th, there was short interest totalling 100 shares, a decrease of 80.0% from the August 31st total of 500 shares. Based on an average daily trading volume, of 4,000 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On First Trust Nasdaq Transportation ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Signature Estate & Investment Advisors LLC acquired a new position in First Trust Nasdaq Transportation ETF in the 2nd quarter worth $223,000. Cutter & CO Brokerage Inc. boosted its stake in First Trust Nasdaq Transportation ETF by 6.3% in the 1st quarter. Cutter & CO Brokerage Inc. now owns 14,052 shares of the company’s stock worth $453,000 after purchasing an additional 827 shares during the period. Finally, Benjamin F. Edwards & Company Inc. boosted its stake in First Trust Nasdaq Transportation ETF by 2.0% in the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 28,599 shares of the company’s stock worth $921,000 after purchasing an additional 563 shares during the period.

First Trust Nasdaq Transportation ETF Stock Up 0.9 %

Shares of FTXR traded up $0.28 during trading hours on Friday, reaching $32.25. The stock had a trading volume of 3,725 shares, compared to its average volume of 4,370. The company has a market cap of $38.70 million, a P/E ratio of 16.14 and a beta of 1.37. First Trust Nasdaq Transportation ETF has a 52 week low of $24.76 and a 52 week high of $33.28. The firm has a 50-day moving average of $30.70 and a 200 day moving average of $30.88.

First Trust Nasdaq Transportation ETF Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Thursday, September 26th will be paid a $0.1284 dividend. The ex-dividend date of this dividend is Thursday, September 26th. This is a positive change from First Trust Nasdaq Transportation ETF’s previous quarterly dividend of $0.12. This represents a $0.51 dividend on an annualized basis and a yield of 1.59%.

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.