First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) Short Interest Up 2,200.0% in September

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) was the target of a significant growth in short interest during the month of September. As of September 30th, there was short interest totalling 2,300 shares, a growth of 2,200.0% from the September 15th total of 100 shares. Based on an average daily volume of 4,100 shares, the days-to-cover ratio is currently 0.6 days.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Signature Estate & Investment Advisors LLC acquired a new stake in shares of First Trust Nasdaq Transportation ETF during the second quarter worth $223,000. Cutter & CO Brokerage Inc. lifted its holdings in shares of First Trust Nasdaq Transportation ETF by 6.3% during the 1st quarter. Cutter & CO Brokerage Inc. now owns 14,052 shares of the company’s stock worth $453,000 after acquiring an additional 827 shares during the period. Finally, Benjamin F. Edwards & Company Inc. boosted its position in shares of First Trust Nasdaq Transportation ETF by 2.0% in the first quarter. Benjamin F. Edwards & Company Inc. now owns 28,599 shares of the company’s stock worth $921,000 after acquiring an additional 563 shares during the last quarter.

First Trust Nasdaq Transportation ETF Price Performance

First Trust Nasdaq Transportation ETF stock traded down $0.11 during mid-day trading on Thursday, hitting $31.78. 11,566 shares of the company were exchanged, compared to its average volume of 4,397. First Trust Nasdaq Transportation ETF has a 12-month low of $24.76 and a 12-month high of $33.28. The company has a market capitalization of $31.78 million, a P/E ratio of 16.14 and a beta of 1.37. The business’s 50 day simple moving average is $30.76 and its two-hundred day simple moving average is $30.91.

First Trust Nasdaq Transportation ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a dividend of $0.1284 per share. This represents a $0.51 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend was Thursday, September 26th. This is a boost from First Trust Nasdaq Transportation ETF’s previous quarterly dividend of $0.12.

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.