First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) Sees Significant Decrease in Short Interest

First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) was the recipient of a significant decline in short interest during the month of February. As of February 27th, there was short interest totaling 54,079 shares, a decline of 11.9% from the February 12th total of 61,410 shares. Based on an average daily volume of 18,925 shares, the days-to-cover ratio is presently 2.9 days. Approximately 6.8% of the shares of the stock are sold short. Approximately 6.8% of the shares of the stock are sold short. Based on an average daily volume of 18,925 shares, the days-to-cover ratio is presently 2.9 days.

Institutional Trading of First Trust Nasdaq Food & Beverage ETF

Hedge funds have recently modified their holdings of the company. Raymond James Financial Inc. purchased a new position in shares of First Trust Nasdaq Food & Beverage ETF in the second quarter valued at $147,000. Wakefield Asset Management LLLP raised its holdings in First Trust Nasdaq Food & Beverage ETF by 3.7% during the 3rd quarter. Wakefield Asset Management LLLP now owns 42,790 shares of the company’s stock valued at $917,000 after buying an additional 1,511 shares during the period. UBS Group AG purchased a new position in First Trust Nasdaq Food & Beverage ETF during the third quarter worth $1,000,000. Citadel Advisors LLC increased its position in 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 last quarter. Finally, Miller Global Investments LLC bought a new position in First Trust Nasdaq Food & Beverage ETF during the fourth quarter valued at $36,000.

First Trust Nasdaq Food & Beverage ETF Trading Down 0.3%

Shares of First Trust Nasdaq Food & Beverage ETF stock opened at $22.47 on Tuesday. The stock has a 50 day moving average of $22.61 and a 200 day moving average of $21.87. First Trust Nasdaq Food & Beverage ETF has a 12 month low of $20.43 and a 12 month high of $23.94. The firm has a market cap of $17.98 million, a PE ratio of 15.14 and a beta of 0.42.

About First Trust Nasdaq Food & Beverage ETF

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.