First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) Sees Significant Growth in Short Interest
1,900% from the February 28th total of 100 shares. Based on an average daily trading volume, of 10,000 shares, the short-interest ratio is presently 0.2 days. The First Trust Nasdaq Transportation ETF saw a significant growth in short interest in March, with short interest totalling 1,900 shares
() experienced a significant increase in short interest during March. On March 31, there were 1,900 short shares. This is an increase of 18.8% compared to the total of 1,600 on March 15. The short-interest rate is 0.1 days based on a daily average trading volume of 14,800 share.
Hedge Funds weigh in on First Trust Nasdaq Transportation ETF
Recently, several institutional investors and hedge fund managers have changed their stock holdings. J Arnold Wealth Management Co increased their stake in First Trust Nasdaq Transportation ETF in the fourth quarter by 179.5%. J Arnold Wealth Management Co owns 1,557 of the company stock, valued at $39,000. This is after purchasing an additional 1,000 shares. Harbour Investments Inc. increased their stake in First Trust Nasdaq Transportation ETF in the fourth quarter by 14.0%. Harbour Investments Inc. owns 3,191 of the company stock, valued at $80,000. This is after purchasing 391 additional shares. Benjamin F. Edwards & Company Inc. grew its stake in First Trust Nasdaq Transportation ETF from 54.6% to 80% in the third quarter. Benjamin F. Edwards & Company Inc. owns 7,054 of the company stock, valued at $165,000, after acquiring 2,491 additional shares during the period. Truist Financial Corp increased their stake in First Trust Nasdaq Transportation ETF in the fourth quarter by 2.6%. Truist Financial Corp owns now 19,172 shares valued at $484,000. This is after adding 477 additional shares to its stock. Advisor Group Holdings Inc. also increased its holdings in First Trust Nasdaq Transportation ETF in the fourth quarter by 2.9%. The stock rose $0.07 to $26.90 on Tuesday. The stock was traded at a volume of 21,712 versus the average of 14,521. First Trust Nasdaq Transportation ETF's 52-week low is $23.37, and its 52-week highest is $30.87. The company's market capitalization is $47.08 millions, with a price to earnings ratio of 13.26. It also has a beta value of 1.37. The company's moving average of the last 50 days is $26.34; its moving average over two hundred days is $27.55.
First Trust Nasdaq Transportation Fund Cuts Dividend
A quarterly dividend was also declared by the business and paid out on March 31st. Dividends of $0.152 were paid to shareholders who had their shares registered on the 27th of March. Dividend yield is 2.26%. This dividend represents an annualized $0.61 dividend. This dividend became ex-dividend on Friday, March 24th.
First Trust Nasdaq Transportation ETF Company profile
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First Trust Nasdaq Transportation ETF is an exchange traded fund that tracks the Nasdaq US Smart Transportation Index. The fund tracks a 30 company index of US transportation companies. The fund selects holdings based on liquidity, and then weights them based upon volatility, growth and value factors. FTXR launched on September 20, 2016, and is managed First Trust.
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