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

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) was the target of a large growth in short interest in March. As of March 31st, there was short interest totaling 148,639 shares, a growth of 21.9% from the March 15th total of 121,964 shares. Currently, 0.7% of the shares of the stock are short sold. Based on an average trading volume of 127,319 shares, the short-interest ratio is currently 1.2 days.

Institutional Trading of First Trust Nasdaq Transportation ETF

Several hedge funds have recently modified their holdings of the company. Goldman Sachs Group Inc. raised its holdings in shares of First Trust Nasdaq Transportation ETF by 16.2% during the 4th quarter. Goldman Sachs Group Inc. now owns 132,402 shares of the company’s stock worth $5,131,000 after acquiring an additional 18,497 shares in the last quarter. Maridea Wealth Management LLC bought a new stake in First Trust Nasdaq Transportation ETF in the fourth quarter worth $1,639,000. Susquehanna International Group LLP lifted its position in First Trust Nasdaq Transportation ETF by 93.3% in the third quarter. Susquehanna International Group LLP now owns 26,716 shares of the company’s stock worth $936,000 after buying an additional 12,894 shares during the last quarter. Raymond James Financial Inc. bought a new stake in First Trust Nasdaq Transportation ETF in the second quarter worth $527,000. Finally, Prospera Financial Services Inc lifted its position in First Trust Nasdaq Transportation ETF by 4.0% in the third quarter. Prospera Financial Services Inc now owns 15,991 shares of the company’s stock worth $561,000 after buying an additional 608 shares during the last quarter.

First Trust Nasdaq Transportation ETF Price Performance

Shares of FTXR opened at $41.52 on Friday. The stock has a market capitalization of $923.82 million, a price-to-earnings ratio of 11.80 and a beta of 1.29. First Trust Nasdaq Transportation ETF has a 1 year low of $26.58 and a 1 year high of $44.85. The business’s 50 day simple moving average is $39.99 and its 200-day simple moving average is $38.51.

First Trust Nasdaq Transportation ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were issued a dividend of $0.0342 per share. This represents a $0.14 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Thursday, March 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.