First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) Shares Shorted: Short Interest Up 309.1% in October

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) was the recipient of a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 28,865 shares, a growth of 309.1% from the October 15th total of 7,056 shares. Based on an average trading volume of 142,891 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.8% of the company’s shares are sold short.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. First Trust Advisors LP purchased a new position in First Trust Nasdaq Transportation ETF during the 1st quarter valued at about $669,272,000. Nilsine Partners LLC raised its position in First Trust Nasdaq Transportation ETF by 2.6% during the 2nd quarter. Nilsine Partners LLC now owns 465,155 shares of the company’s stock valued at $21,198,000 after purchasing an additional 11,794 shares during the last quarter. NewEdge Advisors LLC lifted its holdings in First Trust Nasdaq Transportation ETF by 6.6% in the 2nd quarter. NewEdge Advisors LLC now owns 408,346 shares of the company’s stock worth $18,609,000 after buying an additional 25,341 shares during the period. Royal Bank of Canada lifted its holdings in First Trust Nasdaq Transportation ETF by 5,525.7% in the 1st quarter. Royal Bank of Canada now owns 148,125 shares of the company’s stock worth $5,645,000 after buying an additional 145,492 shares during the period. Finally, Envestnet Asset Management Inc. lifted its holdings in First Trust Nasdaq Transportation ETF by 35.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 53,207 shares of the company’s stock worth $2,425,000 after buying an additional 13,970 shares during the period.

First Trust Nasdaq Transportation ETF Trading Up 1.0%

Shares of NASDAQ:FTXR opened at $44.04 on Thursday. The company has a market cap of $160.75 million, a price-to-earnings ratio of 21.30 and a beta of 1.29. The company has a 50-day moving average price of $42.21 and a 200-day moving average price of $42.40. First Trust Nasdaq Transportation ETF has a 12 month low of $34.13 and a 12 month high of $46.17.

First Trust Nasdaq Transportation ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were paid a $0.1191 dividend. The ex-dividend date of this dividend was Thursday, September 24th. This is a drop from First Trust Nasdaq Transportation ETF’s previous quarterly dividend of $0.1268. This represents a $0.48 annualized dividend and a dividend yield of 1.1%.

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.