Short Interest in First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) Increases By 180.6%

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) saw a large increase in short interest during the month of November. As of November 30th, there was short interest totalling 18,800 shares, an increase of 180.6% from the November 15th total of 6,700 shares. Based on an average daily trading volume, of 4,400 shares, the days-to-cover ratio is currently 4.3 days.

Institutional Trading of First Trust Nasdaq Transportation ETF

Several large investors have recently added to or reduced their stakes in the business. Benjamin Edwards Inc. bought a new position in shares of First Trust Nasdaq Transportation ETF in the third quarter worth about $1,047,000. KKM Financial LLC boosted its position in shares of First Trust Nasdaq Transportation ETF by 59.5% in the third quarter. KKM Financial LLC now owns 10,424 shares of the company’s stock valued at $334,000 after acquiring an additional 3,890 shares during the period. Finally, Signature Estate & Investment Advisors LLC acquired a new stake in shares of First Trust Nasdaq Transportation ETF in the second quarter worth $223,000.

First Trust Nasdaq Transportation ETF Price Performance

Shares of NASDAQ FTXR traded down $0.42 during midday trading on Friday, reaching $35.71. 4,296 shares of the company traded hands, compared to its average volume of 4,347. The company has a market cap of $33.92 million, a price-to-earnings ratio of 16.14 and a beta of 1.37. The stock has a 50-day moving average price of $34.47 and a 200 day moving average price of $32.06. First Trust Nasdaq Transportation ETF has a 52 week low of $28.05 and a 52 week high of $37.32.

First Trust Nasdaq Transportation ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a $0.1284 dividend. This is an increase from First Trust Nasdaq Transportation ETF’s previous quarterly dividend of $0.12. The ex-dividend date was Thursday, September 26th. This represents a $0.51 dividend on an annualized basis and a dividend yield of 1.44%.

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.