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 during 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. Approximately 2.8% of the shares of the stock are sold short. Based on an average daily volume of 8,907 shares, the short-interest ratio is presently 2.6 days. Based on an average daily volume of 8,907 shares, the short-interest ratio is presently 2.6 days. Approximately 2.8% of the shares of the stock are sold short.

First Trust Nasdaq Food & Beverage ETF Trading Down 1.1%

FTXG stock traded down $0.24 on Friday, hitting $21.70. 3,050 shares of the company’s stock traded hands, compared to its average volume of 8,940. The stock has a market cap of $17.36 million, a price-to-earnings ratio of 15.14 and a beta of 0.42. First Trust Nasdaq Food & Beverage ETF has a 1-year low of $20.43 and a 1-year high of $24.66. The stock has a fifty day moving average of $21.30 and a 200-day moving average 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 of this dividend was Friday, December 12th. This represents a $0.78 annualized dividend and a dividend yield of 3.6%. This is a boost from First Trust Nasdaq Food & Beverage ETF’s previous quarterly dividend of $0.16.

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

Several hedge funds have recently modified their holdings of FTXG. Miller Global Investments LLC purchased a new position in First Trust Nasdaq Food & Beverage ETF in the 4th quarter worth about $36,000. Raymond James Financial Inc. acquired a new position in shares of First Trust Nasdaq Food & Beverage ETF in the second quarter worth about $147,000. Citadel Advisors LLC raised its holdings in shares of First Trust Nasdaq Food & Beverage ETF by 2.6% during the third quarter. Citadel Advisors LLC now owns 35,284 shares of the company’s stock valued at $756,000 after acquiring an additional 885 shares during the period. Wakefield Asset Management LLLP purchased a new stake in shares of First Trust Nasdaq Food & Beverage ETF in the 2nd quarter valued at approximately $916,000. Finally, UBS Group AG acquired a new position in First Trust Nasdaq Food & Beverage ETF in the 3rd quarter worth approximately $1,000,000.

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.