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

First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) saw a significant growth in short interest in November. As of November 30th, there was short interest totalling 49,800 shares, a growth of 876.5% from the November 15th total of 5,100 shares. Based on an average trading volume of 9,700 shares, the short-interest ratio is presently 5.1 days.

First Trust Nasdaq Food & Beverage ETF Price Performance

Shares of FTXG stock traded down $0.10 during trading on Wednesday, reaching $24.22. The company had a trading volume of 13,174 shares, compared to its average volume of 18,435. The firm’s 50 day simple moving average is $24.57 and its two-hundred day simple moving average is $24.54. First Trust Nasdaq Food & Beverage ETF has a one year low of $23.10 and a one year high of $26.05. The company has a market capitalization of $31.49 million, a PE ratio of 19.00 and a beta of 0.60.

First Trust Nasdaq Food & Beverage ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were issued a dividend of $0.1636 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.65 dividend on an annualized basis and a dividend yield of 2.70%.

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

An institutional investor recently bought a new position 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) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,061 shares of the company’s stock, valued at approximately $258,000. Jane Street Group LLC owned 0.77% of First Trust Nasdaq Food & Beverage ETF as of its most recent SEC filing.

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.