First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) Short Interest Update

First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 17,300 shares, a growth of 5.5% from the August 15th total of 16,400 shares. Based on an average trading volume of 16,400 shares, the days-to-cover ratio is presently 1.1 days.

First Trust Nasdaq Food & Beverage ETF Stock Performance

Shares of NASDAQ:FTXG traded up $0.03 on Thursday, hitting $25.92. 1,046 shares of the company were exchanged, compared to its average volume of 20,988. The company’s 50 day moving average price is $24.86 and its two-hundred day moving average price is $24.43. The firm has a market capitalization of $44.06 million, a price-to-earnings ratio of 19.00 and a beta of 0.60. First Trust Nasdaq Food & Beverage ETF has a one year low of $21.55 and a one year high of $26.05.

First Trust Nasdaq Food & Beverage ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were paid a dividend of $0.1833 per share. This is a positive change from First Trust Nasdaq Food & Beverage ETF’s previous dividend of $0.09. The ex-dividend date of this dividend was Thursday, June 27th.

Institutional Trading of First Trust Nasdaq Food & Beverage ETF

A number of hedge funds have recently modified their holdings of the company. Founders Financial Alliance LLC lifted its holdings in shares of First Trust Nasdaq Food & Beverage ETF by 10.6% during the 4th quarter. Founders Financial Alliance LLC now owns 5,738 shares of the company’s stock worth $139,000 after acquiring an additional 552 shares during the period. International Assets Investment Management LLC acquired a new position in First Trust Nasdaq Food & Beverage ETF in the fourth quarter worth about $609,000. Finally, Bbjs Financial Advisors LLC lifted its stake in First Trust Nasdaq Food & Beverage ETF by 0.8% during the second quarter. Bbjs Financial Advisors LLC now owns 123,672 shares of the company’s stock worth $2,903,000 after purchasing an additional 935 shares during the period.

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.