First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) Short Interest Update

First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) saw a large growth in short interest in the month of December. As of December 31st, there was short interest totaling 22,781 shares, a growth of 28.9% from the December 15th total of 17,675 shares. Based on an average trading volume of 8,907 shares, the days-to-cover ratio is currently 2.6 days. Approximately 2.8% of the shares of the company are sold short. Approximately 2.8% of the shares of the company are sold short. Based on an average trading volume of 8,907 shares, the days-to-cover ratio is currently 2.6 days.

First Trust Nasdaq Food & Beverage ETF Stock Down 1.1%

FTXG traded down $0.24 during trading on Monday, reaching $21.70. 3,050 shares of the company’s stock were exchanged, compared to its average volume of 8,940. First Trust Nasdaq Food & Beverage ETF has a fifty-two week low of $20.43 and a fifty-two week high of $24.66. The company has a market capitalization of $17.36 million, a P/E ratio of 15.14 and a beta of 0.42. The business has a 50 day moving average price of $21.30 and a 200 day moving average price of $21.76.

First Trust Nasdaq Food & Beverage ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a dividend of $0.195 per share. The ex-dividend date was Friday, December 12th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 3.6%. This is an increase from First Trust Nasdaq Food & Beverage ETF’s previous quarterly dividend of $0.16.

Institutional Trading of First Trust Nasdaq Food & Beverage ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Journey Advisory Group LLC bought a new position in shares of First Trust Nasdaq Food & Beverage ETF in the 2nd quarter valued at about $2,587,000. Wakefield Asset Management LLLP bought a new position in First Trust Nasdaq Food & Beverage ETF during the second quarter worth about $916,000. Raymond James Financial Inc. acquired a new position in First Trust Nasdaq Food & Beverage ETF during the second quarter worth approximately $147,000. UBS Group AG bought a new stake in First Trust Nasdaq Food & Beverage ETF in the third quarter valued at approximately $1,000,000. Finally, Citadel Advisors LLC lifted its position in shares of First Trust Nasdaq Food & Beverage ETF by 2.6% in the third quarter. Citadel Advisors LLC now owns 35,284 shares of the company’s stock valued at $756,000 after buying an additional 885 shares during the last quarter.

First Trust Nasdaq Food & Beverage ETF Company Profile

The First Trust Nasdaq Food & Beverage ETF (FTXG) is an exchange-traded fund that is based on the Nasdaq US Smart Food & Beverage index. The fund follows a liquidity-selected, multi-factor-weighted index of US food & beverage companies. FTXG was launched on Sep 20, 2016 and is managed by First Trust.