First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) Sees Large Decline in Short Interest

First Trust Nasdaq Transportation ETF (NASDAQ:FTXR) was the recipient of a significant decline in short interest in the month of March. As of March 31st, there was short interest totalling 1,000 shares, a decline of 58.3% from the March 15th total of 2,400 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 5,400 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of First Trust Nasdaq Transportation ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in FTXR. Wells Fargo & Company MN increased its position in shares of First Trust Nasdaq Transportation ETF by 1.9% in the fourth quarter. Wells Fargo & Company MN now owns 16,039 shares of the company’s stock worth $551,000 after acquiring an additional 304 shares in the last quarter. Signature Estate & Investment Advisors LLC purchased a new stake in shares of First Trust Nasdaq Transportation ETF in the fourth quarter valued at $203,000. Citadel Advisors LLC boosted its position in shares of First Trust Nasdaq Transportation ETF by 38.2% in the fourth quarter. Citadel Advisors LLC now owns 22,871 shares of the company’s stock worth $786,000 after buying an additional 6,327 shares during the period. Finally, LPL Financial LLC grew its holdings in shares of First Trust Nasdaq Transportation ETF by 21.2% during the fourth quarter. LPL Financial LLC now owns 49,950 shares of the company’s stock valued at $1,717,000 after buying an additional 8,721 shares in the last quarter.

First Trust Nasdaq Transportation ETF Price Performance

NASDAQ:FTXR opened at $27.71 on Wednesday. The firm has a market capitalization of $24.94 million, a P/E ratio of 12.50 and a beta of 1.37. The business has a 50 day simple moving average of $30.79 and a 200 day simple moving average of $33.29. First Trust Nasdaq Transportation ETF has a 12-month low of $25.47 and a 12-month high of $37.32.

First Trust Nasdaq Transportation ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a $0.1173 dividend. The ex-dividend date was Thursday, March 27th. This represents a $0.47 dividend on an annualized basis and a yield of 1.69%.

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.