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

First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) was the recipient of a large drop in short interest in February. As of February 13th, there was short interest totaling 61,410 shares, a drop of 13.8% from the January 29th total of 71,232 shares. Based on an average daily volume of 42,678 shares, the short-interest ratio is currently 1.4 days. Approximately 7.7% of the shares of the stock are sold short. Approximately 7.7% of the shares of the stock are sold short. Based on an average daily volume of 42,678 shares, the short-interest ratio is currently 1.4 days.

First Trust Nasdaq Food & Beverage ETF Stock Performance

FTXG opened at $22.92 on Friday. The company has a market cap of $18.34 million, a price-to-earnings ratio of 15.14 and a beta of 0.42. First Trust Nasdaq Food & Beverage ETF has a one year low of $20.43 and a one year high of $24.66. The business’s fifty day moving average is $22.37 and its two-hundred day moving average is $21.88.

First Trust Nasdaq Food & Beverage ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a $0.195 dividend. This represents a $0.78 dividend on an annualized basis and a yield of 3.4%. The ex-dividend date of this dividend was Friday, December 12th. This is a positive change from First Trust Nasdaq Food & Beverage ETF’s previous quarterly dividend of $0.16.

Institutional Trading of First Trust Nasdaq Food & Beverage ETF

Institutional investors and hedge funds have recently modified their holdings of the business. LPL Financial LLC increased its stake in shares of First Trust Nasdaq Food & Beverage ETF by 37.0% during the 4th quarter. LPL Financial LLC now owns 13,432 shares of the company’s stock worth $281,000 after purchasing an additional 3,631 shares in the last quarter. Stifel Financial Corp acquired a new stake in First Trust Nasdaq Food & Beverage ETF during the 4th quarter valued at $412,000. Osaic Holdings Inc. grew its holdings in First Trust Nasdaq Food & Beverage ETF by 31.2% during the 4th quarter. Osaic Holdings Inc. now owns 6,344 shares of the company’s stock valued at $133,000 after buying an additional 1,508 shares during the last quarter. IHT Wealth Management LLC increased its position in First Trust Nasdaq Food & Beverage ETF by 94.9% during the fourth quarter. IHT Wealth Management LLC now owns 39,201 shares of the company’s stock worth $821,000 after buying an additional 19,090 shares in the last quarter. Finally, Miller Global Investments LLC acquired a new position in shares of First Trust Nasdaq Food & Beverage ETF in the fourth quarter worth $36,000.

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.