First Trust Nasdaq Transportation ETF (NASDAQ:FTXR – Get Free Report) was the recipient of a significant drop in short interest in September. As of September 15th, there was short interest totalling 100 shares, a drop of 80.0% from the August 31st total of 500 shares. Based on an average daily volume of 4,000 shares, the short-interest ratio is currently 0.0 days.
Hedge Funds Weigh In On First Trust Nasdaq Transportation ETF
A number of large investors have recently added to or reduced their stakes in the company. Signature Estate & Investment Advisors LLC purchased a new position in shares of First Trust Nasdaq Transportation ETF in the 2nd quarter worth approximately $223,000. Cutter & CO Brokerage Inc. boosted its stake in First Trust Nasdaq Transportation ETF by 6.3% in the first quarter. Cutter & CO Brokerage Inc. now owns 14,052 shares of the company’s stock valued at $453,000 after acquiring an additional 827 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. grew its holdings in 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 purchasing an additional 563 shares during the last quarter.
First Trust Nasdaq Transportation ETF Stock Up 0.9 %
FTXR stock traded up $0.28 during trading on Friday, hitting $32.25. 3,725 shares of the company’s stock traded hands, compared to its average volume of 4,370. The business has a fifty day simple moving average of $30.70 and a two-hundred day simple moving average of $30.88. The firm has a market capitalization of $38.70 million, a P/E ratio of 16.14 and a beta of 1.37. First Trust Nasdaq Transportation ETF has a 1 year low of $24.76 and a 1 year high of $33.28.
First Trust Nasdaq Transportation ETF Increases Dividend
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.
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