Short Interest in First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) Rises By 876.5%

Posted by Maurice Goldstein on Dec 13th, 2024

First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG – Get Free Report) saw a significant increase in short interest in November. As of November 30th, there was short interest totalling 49,800 shares, an increase of 876.5% from the November 15th total of 5,100 shares. Based on an average daily volume of 9,700 shares, the days-to-cover ratio is presently 5.1 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 acquired a new position in First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG – Free Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 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 Securities and Exchange Commission.

First Trust Nasdaq Food & Beverage ETF Trading Up 0.3 %

Shares of First Trust Nasdaq Food & Beverage ETF stock opened at $24.30 on Friday. The company’s 50-day moving average price is $24.53 and its 200-day moving average price is $24.54. The company has a market cap of $31.59 million, a price-to-earnings ratio of 19.00 and a beta of 0.60. First Trust Nasdaq Food & Beverage ETF has a 12-month low of $23.10 and a 12-month high of $26.05.

First Trust Nasdaq Food & Beverage ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were given a dividend of $0.1636 per share. This represents a $0.65 annualized dividend and a yield of 2.69%. The ex-dividend date was Thursday, September 26th.

First Trust Nasdaq Food & Beverage ETF Company Profile

(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.