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

First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) was the recipient of 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 daily trading volume, of 9,700 shares, the short-interest ratio is presently 5.1 days.

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) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and 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 as of its most recent SEC filing.

First Trust Nasdaq Food & Beverage ETF Price Performance

Shares of First Trust Nasdaq Food & Beverage ETF stock traded down $0.10 during trading on Wednesday, hitting $24.22. 13,174 shares of the company’s stock traded hands, compared to its average volume of 18,435. First Trust Nasdaq Food & Beverage ETF has a twelve month low of $23.10 and a twelve month high of $26.05. The company has a market cap of $31.49 million, a PE ratio of 19.00 and a beta of 0.60. The firm’s fifty day moving average price is $24.57 and its 200 day moving average price is $24.54.

First Trust Nasdaq Food & Beverage ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a $0.1636 dividend. The ex-dividend date was Thursday, September 26th. This represents a $0.65 annualized dividend and a dividend yield of 2.70%.

First Trust Nasdaq Food & Beverage ETF Company Profile

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.