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

First Trust Nasdaq Transportation ETF (NASDAQ:FTXRGet Free Report) was the recipient of a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 500 shares, an increase of 150.0% from the January 15th total of 200 shares. Based on an average daily volume of 6,700 shares, the days-to-cover ratio is presently 0.1 days.

First Trust Nasdaq Transportation ETF Stock Performance

NASDAQ FTXR opened at $30.63 on Tuesday. The stock has a fifty day moving average of $29.60 and a 200-day moving average of $28.57. The stock has a market capitalization of $39.82 million, a P/E ratio of 15.59 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 $31.26.

First Trust Nasdaq Transportation ETF Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Tuesday, December 26th were paid a $0.1205 dividend. The ex-dividend date of this dividend was Friday, December 22nd. This represents a $0.48 annualized dividend and a dividend yield of 1.57%.

Institutional Investors Weigh In On First Trust Nasdaq Transportation ETF

Several hedge funds and other institutional investors have recently made changes to their positions in the company. UBS Group AG increased its stake in shares of First Trust Nasdaq Transportation ETF by 2.7% in the 4th quarter. UBS Group AG now owns 44,779 shares of the company’s stock valued at $1,344,000 after buying an additional 1,183 shares during the period. Benjamin F. Edwards & Company Inc. grew its stake in shares of First Trust Nasdaq Transportation ETF by 6.4% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 28,036 shares of the company’s stock worth $841,000 after purchasing an additional 1,676 shares during the period. Royal Bank of Canada grew its stake in shares of First Trust Nasdaq Transportation ETF by 115.9% during the third quarter. Royal Bank of Canada now owns 25,346 shares of the company’s stock worth $712,000 after purchasing an additional 13,605 shares during the period. Commonwealth Equity Services LLC grew its stake in shares of First Trust Nasdaq Transportation ETF by 2.4% during the third quarter. Commonwealth Equity Services LLC now owns 20,015 shares of the company’s stock worth $563,000 after purchasing an additional 472 shares during the period. Finally, Centaurus Financial Inc. acquired a new stake in shares of First Trust Nasdaq Transportation ETF during the second quarter worth $189,000.

About First Trust Nasdaq Transportation ETF

(Get Free Report)

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.

Further Reading

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