First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) Short Interest Up 147.4% in August

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) was the recipient of a significant increase in short interest in August. As of August 14th, there was short interest totaling 49,369 shares, an increase of 147.4% from the July 30th total of 19,954 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily trading volume, of 62,446 shares, the short-interest ratio is presently 0.8 days.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada purchased a new stake in shares of First Trust Nasdaq Transportation ETF in the first quarter worth about $290,000. Raymond James Financial Inc. purchased a new stake in shares of First Trust Nasdaq Transportation ETF during the 2nd quarter valued at about $527,000. Geneos Wealth Management Inc. lifted its position in First Trust Nasdaq Transportation ETF by 200.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 1,800 shares of the company’s stock worth $57,000 after acquiring an additional 1,200 shares in the last quarter. Osaic Holdings Inc. lifted its position in First Trust Nasdaq Transportation ETF by 880.3% during the 2nd quarter. Osaic Holdings Inc. now owns 7,960 shares of the company’s stock worth $252,000 after acquiring an additional 7,148 shares in the last quarter. Finally, Two Sigma Investments LP purchased a new position in First Trust Nasdaq Transportation ETF in the 3rd quarter worth approximately $256,000.

First Trust Nasdaq Transportation ETF Stock Up 0.0%

First Trust Nasdaq Transportation ETF stock opened at $44.40 on Friday. First Trust Nasdaq Transportation ETF has a 52-week low of $33.62 and a 52-week high of $46.17. The firm has a fifty day moving average of $44.92 and a 200-day moving average of $42.55. The firm has a market capitalization of $1.05 billion, a P/E ratio of 11.80 and a beta of 1.29.

First Trust Nasdaq Transportation ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a dividend of $0.1268 per share. This is a positive change from First Trust Nasdaq Transportation ETF’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.51 dividend on an annualized basis and a yield of 1.1%.

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.