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

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) saw a significant decrease in short interest in February. As of February 13th, there was short interest totaling 6,030 shares, a decrease of 55.6% from the January 29th total of 13,577 shares. Currently, 0.7% of the shares of the stock are sold short. Based on an average daily trading volume, of 7,954 shares, the short-interest ratio is currently 0.8 days. Based on an average daily trading volume, of 7,954 shares, the short-interest ratio is currently 0.8 days. Currently, 0.7% of the shares of the stock are sold short.

Institutional Investors Weigh In On First Trust Nasdaq Transportation ETF

A number of large investors have recently made changes to their positions in the company. Royal Bank of Canada boosted its stake in First Trust Nasdaq Transportation ETF by 38.2% in the 4th quarter. Royal Bank of Canada now owns 2,633 shares of the company’s stock worth $102,000 after purchasing an additional 728 shares during the period. MML Investors Services LLC purchased a new stake in shares of First Trust Nasdaq Transportation ETF in the fourth quarter valued at $235,000. Kestra Advisory Services LLC acquired a new stake in shares of First Trust Nasdaq Transportation ETF in the fourth quarter worth $57,000. Goldman Sachs Group Inc. boosted its position in shares of First Trust Nasdaq Transportation ETF by 16.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 132,402 shares of the company’s stock worth $5,131,000 after buying an additional 18,497 shares during the period. Finally, Fortis Group Advisors LLC purchased a new position in shares of First Trust Nasdaq Transportation ETF during the fourth quarter valued at $308,000.

First Trust Nasdaq Transportation ETF Price Performance

Shares of FTXR traded down $0.80 during trading hours on Friday, hitting $42.20. 30,818,465 shares of the company were exchanged, compared to its average volume of 860,022. The company has a market capitalization of $37.98 million, a PE ratio of 11.80 and a beta of 1.31. The firm has a fifty day simple moving average of $40.91 and a 200-day simple moving average of $37.49. First Trust Nasdaq Transportation ETF has a one year low of $25.47 and a one year high of $44.85.

First Trust Nasdaq Transportation ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a dividend of $0.1692 per share. This represents a $0.68 annualized dividend and a yield of 1.6%. The ex-dividend date was Friday, December 12th. This is a boost from First Trust Nasdaq Transportation ETF’s previous quarterly dividend of $0.11.

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.