First Trust Nasdaq Transportation ETF (NASDAQ:FTXR – Get Free Report) saw a significant drop in short interest in the month of April. As of April 30th, there was short interest totaling 39,155 shares, a drop of 33.9% from the April 15th total of 59,246 shares. Approximately 0.2% of the company’s shares are sold short. Based on an average daily volume of 56,504 shares, the short-interest ratio is currently 0.7 days.
Hedge Funds Weigh In On First Trust Nasdaq Transportation ETF
A number of large investors have recently bought and sold shares of FTXR. Royal Bank of Canada acquired a new stake in shares of First Trust Nasdaq Transportation ETF in the first quarter worth $290,000. Raymond James Financial Inc. acquired a new stake in shares of First Trust Nasdaq Transportation ETF in the second quarter worth $527,000. Geneos Wealth Management Inc. increased its position in shares of First Trust Nasdaq Transportation ETF by 200.0% in the second 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. increased its position in shares of First Trust Nasdaq Transportation ETF by 880.3% in the second 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, Prospera Financial Services Inc increased its position in shares of 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 acquiring an additional 608 shares in the last quarter.
First Trust Nasdaq Transportation ETF Stock Down 1.2%
NASDAQ:FTXR opened at $40.49 on Wednesday. The company has a market cap of $913.05 million, a P/E ratio of 11.80 and a beta of 1.27. First Trust Nasdaq Transportation ETF has a fifty-two week low of $30.48 and a fifty-two week high of $44.85. The firm’s 50 day moving average is $39.63 and its two-hundred day moving average is $39.39.
First Trust Nasdaq Transportation ETF Cuts Dividend
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.
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