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

First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) saw a large drop in short interest in the month of December. As of December 15th, there was short interest totaling 17,675 shares, a drop of 19.0% from the November 30th total of 21,812 shares. Based on an average daily volume of 14,237 shares, the days-to-cover ratio is presently 1.2 days. Currently, 2.1% of the shares of the company are sold short. Currently, 2.1% of the shares of the company are sold short. Based on an average daily volume of 14,237 shares, the days-to-cover ratio is presently 1.2 days.

First Trust Nasdaq Food & Beverage ETF Stock Performance

NASDAQ:FTXG opened at $20.94 on Friday. The stock has a 50-day simple moving average of $21.26 and a two-hundred day simple moving average of $21.86. The firm has a market capitalization of $17.80 million, a PE ratio of 15.14 and a beta of 0.42. First Trust Nasdaq Food & Beverage ETF has a 52-week low of $20.55 and a 52-week high of $24.66.

First Trust Nasdaq Food & Beverage ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a dividend of $0.195 per share. This is a boost from First Trust Nasdaq Food & Beverage ETF’s previous quarterly dividend of $0.16. The ex-dividend date was Friday, December 12th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 3.7%.

Institutional Investors Weigh In On First Trust Nasdaq Food & Beverage ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in First Trust Nasdaq Food & Beverage ETF during the second quarter valued at approximately $147,000. Citadel Advisors LLC raised its position in shares of First Trust Nasdaq Food & Beverage ETF by 2.6% during the 3rd quarter. Citadel Advisors LLC now owns 35,284 shares of the company’s stock valued at $756,000 after purchasing an additional 885 shares during the period. Wakefield Asset Management LLLP purchased a new position in shares of First Trust Nasdaq Food & Beverage ETF during the 2nd quarter valued at $916,000. UBS Group AG bought a new position in First Trust Nasdaq Food & Beverage ETF in the 3rd quarter worth $1,000,000. Finally, Journey Advisory Group LLC bought a new position in First Trust Nasdaq Food & Beverage ETF in the 2nd quarter worth $2,587,000.

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.