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

Posted by Denise Randall on Dec 27th, 2024

First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG – Get Free Report) was the recipient of a large decrease in short interest during the month of December. As of December 15th, there was short interest totalling 8,400 shares, a decrease of 83.1% from the November 30th total of 49,800 shares. Based on an average daily volume of 11,500 shares, the days-to-cover ratio is presently 0.7 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in First Trust Nasdaq Food & Beverage ETF stock. Jane Street Group LLC bought a new position in First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG – Free Report) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 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 filing with the SEC.

First Trust Nasdaq Food & Beverage ETF Price Performance

Shares of NASDAQ:FTXG traded down $0.02 during trading on Thursday, hitting $23.15. The company’s stock had a trading volume of 7,429 shares, compared to its average volume of 18,388. The firm has a market cap of $30.10 million, a price-to-earnings ratio of 19.00 and a beta of 0.60. The company has a 50-day moving average of $24.22 and a 200-day moving average of $24.49. First Trust Nasdaq Food & Beverage ETF has a 12 month low of $22.89 and a 12 month high of $26.05.

First Trust Nasdaq Food & Beverage ETF Increases Dividend

The firm also recently declared a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th will be given a $0.1965 dividend. The ex-dividend date is Friday, December 13th. This is an increase from First Trust Nasdaq Food & Beverage ETF’s previous dividend of $0.18.

About First Trust Nasdaq Food & Beverage ETF

(Get Free Report)

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.