First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) Short Interest Down 72.5% in March

First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) was the target of a large decline in short interest in the month of March. As of March 15th, there was short interest totalling 15,200 shares, a decline of 72.5% from the February 28th total of 55,300 shares. Approximately 1.5% of the company’s shares are short sold. Based on an average daily volume of 16,100 shares, the short-interest ratio is currently 0.9 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in First Trust Nasdaq Food & Beverage ETF stock. Jane Street Group LLC purchased a new stake in shares of First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 10,061 shares of the company’s stock, valued at approximately $258,000. Jane Street Group LLC owned 0.77% of First Trust Nasdaq Food & Beverage ETF as of its most recent filing with the Securities & Exchange Commission.

First Trust Nasdaq Food & Beverage ETF Trading Down 0.4 %

Shares of FTXG stock traded down $0.10 during mid-day trading on Friday, reaching $23.40. The stock had a trading volume of 11,194 shares, compared to its average volume of 13,837. The firm has a market capitalization of $23.40 million, a PE ratio of 20.43 and a beta of 0.60. The stock’s 50-day moving average price is $22.80 and its two-hundred day moving average price is $23.79. First Trust Nasdaq Food & Beverage ETF has a 52-week low of $21.70 and a 52-week high of $26.05.

First Trust Nasdaq Food & Beverage ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, March 27th will be paid a dividend of $0.0963 per share. This represents a $0.39 annualized dividend and a yield of 1.65%. The ex-dividend date of this dividend is Thursday, March 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.