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

Posted by Steve Fairfield on Jan 30th, 2025

First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG – Get Free Report) was the target of a large growth in short interest in 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.

First Trust Nasdaq Food & Beverage ETF Stock Up 1.2 %

Shares of FTXG stock traded up $0.27 on Thursday, hitting $22.83. The company had a trading volume of 7,739 shares, compared to its average volume of 16,144. The firm has a market cap of $22.83 million, a P/E ratio of 19.00 and a beta of 0.60. First Trust Nasdaq Food & Beverage ETF has a twelve month low of $21.88 and a twelve month high of $26.05. The company has a 50-day moving average price of $23.29 and a 200-day moving average price of $24.32.

First Trust Nasdaq Food & Beverage ETF Increases Dividend

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

Institutional Trading of 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 First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG – Free Report) in the 3rd quarter, according to its most recent filing with the SEC. The fund 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 as of its most recent filing with the SEC.

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.