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

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 1,100 shares, anincreaseof450.0% from the July 15th total of 200 shares. Currently,0.1% of the company’s shares are sold short. Based on an average daily volume of 5,500 shares, the days-to-cover ratio is presently 0.2 days. Based on an average daily volume of 5,500 shares, the days-to-cover ratio is presently 0.2 days. Currently,0.1% of the company’s shares are sold short.

Hedge Funds Weigh In On First Trust Nasdaq Transportation ETF

Hedge funds have recently made changes to their positions in the business. Royal Bank of Canada purchased a new position in shares of First Trust Nasdaq Transportation ETF in the 1st quarter valued at approximately $290,000. Prospera Financial Services Inc bought a new position in First Trust Nasdaq Transportation ETF in the second quarter worth $487,000. Raymond James Financial Inc. purchased a new position in First Trust Nasdaq Transportation ETF during the second quarter valued at $527,000. Wells Fargo & Company MN boosted its stake in First Trust Nasdaq Transportation ETF by 1.9% during the fourth quarter. Wells Fargo & Company MN now owns 16,039 shares of the company’s stock worth $551,000 after acquiring an additional 304 shares in the last quarter. Finally, Citadel Advisors LLC grew its holdings in First Trust Nasdaq Transportation ETF by 38.2% in the fourth quarter. Citadel Advisors LLC now owns 22,871 shares of the company’s stock worth $786,000 after purchasing an additional 6,327 shares during the period.

First Trust Nasdaq Transportation ETF Trading Down 0.3%

Shares of NASDAQ:FTXR opened at $33.98 on Friday. The company has a 50-day moving average price of $32.41 and a 200-day moving average price of $31.32. The company has a market cap of $30.58 million, a price-to-earnings ratio of 11.80 and a beta of 1.37. First Trust Nasdaq Transportation ETF has a 12 month low of $25.47 and a 12 month high of $37.32.

First Trust Nasdaq Transportation ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Thursday, June 26th were paid a dividend of $0.1962 per share. This represents a $0.78 annualized dividend and a dividend yield of 2.3%. This is a boost from First Trust Nasdaq Transportation ETF’s previous quarterly dividend of $0.12. The ex-dividend date of this dividend was Thursday, June 26th.

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.