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

Posted by ABMN Staff on Jan 16th, 2025

First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG – Get Free Report) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totalling 25,900 shares, an increase of 208.3% from the December 15th total of 8,400 shares. Based on an average daily trading volume, of 11,400 shares, the days-to-cover ratio is currently 2.3 days.

Institutional Investors Weigh In On 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 bought a new position in First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 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 & Exchange Commission.

First Trust Nasdaq Food & Beverage ETF Price Performance

NASDAQ FTXG opened at $22.11 on Thursday. The company has a fifty day moving average price of $23.60 and a 200-day moving average price of $24.39. First Trust Nasdaq Food & Beverage ETF has a 1 year low of $21.88 and a 1 year high of $26.05. The firm has a market cap of $22.11 million, a price-to-earnings ratio of 19.00 and a beta of 0.60.

First Trust Nasdaq Food & Beverage ETF Increases Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.1965 dividend. The ex-dividend date of this dividend was Friday, December 13th. This is an increase from First Trust Nasdaq Food & Beverage ETF’s previous dividend of $0.18.

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.