First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) Short Interest Up 5.5% in August

First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) was the target of a significant growth in short interest during 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 Price Performance

FTXG stock opened at $25.94 on Tuesday. The company’s 50-day moving average is $24.70 and its 200-day moving average is $24.39. The stock has a market capitalization of $44.09 million, a PE ratio of 19.00 and a beta of 0.60. First Trust Nasdaq Food & Beverage ETF has a 1 year low of $21.55 and a 1 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. Shareholders of record on Thursday, June 27th were issued a $0.1833 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This is a positive change from First Trust Nasdaq Food & Beverage ETF’s previous dividend of $0.09.

Institutional Investors Weigh In On First Trust Nasdaq Food & Beverage ETF

Hedge funds and other institutional investors have recently modified their holdings of the company. Bbjs Financial Advisors LLC grew its position in First Trust Nasdaq Food & Beverage ETF by 0.8% in the 2nd quarter. Bbjs Financial Advisors LLC now owns 123,672 shares of the company’s stock valued at $2,903,000 after purchasing an additional 935 shares during the period. International Assets Investment Management LLC acquired a new position in shares of First Trust Nasdaq Food & Beverage ETF during the fourth quarter valued at about $609,000. Finally, Founders Financial Alliance LLC increased its position in shares of First Trust Nasdaq Food & Beverage ETF by 10.6% during the fourth quarter. Founders Financial Alliance LLC now owns 5,738 shares of the company’s stock worth $139,000 after acquiring an additional 552 shares in the last quarter.

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.