First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) Short Interest Up 208.3% in January

Posted by Matthew Steigler on Jan 29th, 2025

First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG – Get Free Report) was the recipient of a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 25,900 shares, a growth of 208.3% from the December 31st total of 8,400 shares. Based on an average trading volume of 11,400 shares, the days-to-cover ratio is presently 2.3 days.

Hedge Funds Weigh In On First Trust Nasdaq Food & Beverage ETF

A hedge fund recently bought a new stake in First Trust Nasdaq Food & Beverage ETF stock. Jane Street Group LLC purchased a new stake in shares of First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG – Free Report) in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 10,061 shares of the company’s stock, valued at approximately $258,000. Jane Street Group LLC owned about 0.77% of First Trust Nasdaq Food & Beverage ETF at the end of the most recent quarter.

First Trust Nasdaq Food & Beverage ETF Price Performance

Shares of FTXG stock opened at $22.42 on Wednesday. The firm has a 50-day moving average of $23.31 and a 200-day moving average of $24.33. First Trust Nasdaq Food & Beverage ETF has a one year low of $21.88 and a one year high of $26.05. The company has a market cap of $22.42 million, a P/E ratio of 19.00 and a beta of 0.60.

First Trust Nasdaq Food & Beverage ETF Increases Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.1965 dividend. This is a positive change from First Trust Nasdaq Food & Beverage ETF’s previous dividend of $0.18. The ex-dividend date was Friday, December 13th.

About First Trust Nasdaq Food & Beverage ETF

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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.