Short Interest in First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) Expands By 19.3%

First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) saw a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 39,500 shares, an increase of 19.3% from the January 15th total of 33,100 shares. Based on an average daily volume of 14,500 shares, the days-to-cover ratio is currently 2.7 days.

First Trust Nasdaq Food & Beverage ETF Stock Performance

Shares of NASDAQ:FTXG opened at $22.33 on Monday. First Trust Nasdaq Food & Beverage ETF has a one year low of $21.70 and a one year high of $26.05. The stock has a market capitalization of $22.33 million, a price-to-earnings ratio of 19.00 and a beta of 0.60. The company has a 50-day simple moving average of $22.75 and a 200-day simple moving average of $24.16.

First Trust Nasdaq Food & Beverage ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were given a dividend of $0.1965 per share. This is a boost from First Trust Nasdaq Food & Beverage ETF’s previous dividend of $0.18. The ex-dividend date was Friday, December 13th.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in First Trust Nasdaq Food & Beverage ETF stock. Jane Street Group LLC acquired a new stake in First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) during the third quarter, according to its most recent filing with the SEC. The firm 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 at the end of the most recent reporting period.

About First Trust Nasdaq Food & Beverage ETF

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.