First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) Sees Large Growth in Short Interest

First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) was the target of a large increase in short interest in the month of August. As of August 15th, there was short interest totalling 16,400 shares, an increase of 720.0% from the July 31st total of 2,000 shares. Based on an average daily trading volume, of 16,300 shares, the short-interest ratio is presently 1.0 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Founders Financial Alliance LLC increased its stake in shares of First Trust Nasdaq Food & Beverage ETF by 10.6% in the fourth quarter. Founders Financial Alliance LLC now owns 5,738 shares of the company’s stock valued at $139,000 after buying an additional 552 shares during the period. International Assets Investment Management LLC acquired a new stake in First Trust Nasdaq Food & Beverage ETF during the 4th quarter valued at approximately $609,000. Finally, Bbjs Financial Advisors LLC raised its holdings in First Trust Nasdaq Food & Beverage ETF by 0.8% during the 2nd 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 last quarter.

First Trust Nasdaq Food & Beverage ETF Stock Performance

Shares of NASDAQ FTXG opened at $25.33 on Wednesday. The firm has a 50 day moving average price of $24.16 and a two-hundred day moving average price of $24.20. The stock has a market cap of $43.06 million, a P/E ratio of 19.00 and a beta of 0.60. First Trust Nasdaq Food & Beverage ETF has a 52-week low of $21.55 and a 52-week high of $25.73.

First Trust Nasdaq Food & Beverage ETF Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, June 28th. Investors of record on Thursday, June 27th were issued a $0.1833 dividend. This is an increase from First Trust Nasdaq Food & Beverage ETF’s previous dividend of $0.09. The ex-dividend date of this dividend was Thursday, June 27th.

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.