Short Interest in First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) Decreases By 13.8%

First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) was the target of a significant decrease in short interest in the month of February. As of February 13th, there was short interest totaling 61,410 shares, a decrease of 13.8% from the January 29th total of 71,232 shares. Based on an average daily volume of 42,678 shares, the days-to-cover ratio is presently 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 days-to-cover ratio is presently 1.4 days.

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

Hedge funds have recently added to or reduced their stakes in the business. UBS Group AG acquired a new position in First Trust Nasdaq Food & Beverage ETF during the 3rd quarter worth about $1,000,000. Stifel Financial Corp bought a new position in shares of First Trust Nasdaq Food & Beverage ETF during the fourth quarter worth about $412,000. IHT Wealth Management LLC raised its position in shares of 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 acquiring an additional 19,090 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of First Trust Nasdaq Food & Beverage ETF in the second quarter worth approximately $147,000. Finally, Goldman Sachs Group Inc. lifted its stake in shares of First Trust Nasdaq Food & Beverage ETF by 24.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 31,493 shares of the company’s stock worth $660,000 after acquiring an additional 6,121 shares during the period.

First Trust Nasdaq Food & Beverage ETF Trading Down 0.8%

NASDAQ FTXG traded down $0.18 on Thursday, hitting $23.01. 7,355 shares of the company’s stock were exchanged, compared to its average volume of 24,024. The stock has a 50-day moving average of $22.33 and a 200-day moving average of $21.87. The stock has a market cap of $18.41 million, a price-to-earnings ratio of 15.14 and a beta of 0.42. First Trust Nasdaq Food & Beverage ETF has a 52 week low of $20.43 and a 52 week high of $24.66.

First Trust Nasdaq Food & Beverage ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued 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 boost from First Trust Nasdaq Food & Beverage ETF’s previous quarterly dividend of $0.16.

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.