First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) Sees Significant Decrease in Short Interest

by · The Cerbat Gem

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR – Get Free Report) was the target of a significant decrease in short interest in April. As of April 30th, there was short interest totaling 39,155 shares, a decrease of 33.9% from the April 15th total of 59,246 shares. Currently, 0.2% of the company’s stock are short sold. Based on an average daily volume of 56,504 shares, the days-to-cover ratio is currently 0.7 days.

Institutional Trading of First Trust Nasdaq Transportation ETF

Several hedge funds have recently added to or reduced their stakes in FTXR. Geneos Wealth Management Inc. raised its holdings in 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 valued at $57,000 after acquiring an additional 1,200 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in First Trust Nasdaq Transportation ETF in the fourth quarter valued at approximately $57,000. Royal Bank of Canada increased its stake in First Trust Nasdaq Transportation ETF by 38.2% in the fourth quarter. Royal Bank of Canada now owns 2,633 shares of the company’s stock valued at $102,000 after purchasing an additional 728 shares during the last quarter. Truist Financial Corp purchased a new position in First Trust Nasdaq Transportation ETF in the fourth quarter valued at approximately $200,000. Finally, MML Investors Services LLC purchased a new position in First Trust Nasdaq Transportation ETF in the fourth quarter valued at approximately $235,000.

First Trust Nasdaq Transportation ETF Stock Performance

Shares of FTXR opened at $41.26 on Monday. The stock has a market capitalization of $930.41 million, a PE ratio of 11.80 and a beta of 1.27. First Trust Nasdaq Transportation ETF has a 1 year low of $30.48 and a 1 year high of $44.85. The company’s 50-day simple moving average is $39.58 and its 200-day simple moving average is $39.32.

First Trust Nasdaq Transportation ETF Cuts Dividend

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

About First Trust Nasdaq Transportation ETF

(Get Free Report)

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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