First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) Short Interest Down 83.1% in December

Posted by Cindy Kellogue on Dec 27th, 2024

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

Institutional Inflows and Outflows

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 – Free Report) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 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 at the end of the most recent reporting period.

First Trust Nasdaq Food & Beverage ETF Price Performance

NASDAQ FTXG traded down $0.02 during trading hours 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. First Trust Nasdaq Food & Beverage ETF has a 12 month low of $22.89 and a 12 month high of $26.05. The company’s 50 day simple moving average is $24.22 and its two-hundred day simple moving average is $24.49. The company has a market cap of $30.10 million, a P/E ratio of 19.00 and a beta of 0.60.

First Trust Nasdaq Food & Beverage ETF Increases Dividend

The business also recently declared a dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th will be paid a $0.1965 dividend. The ex-dividend date is Friday, December 13th. This is a positive change 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.