First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) Short Interest Update

First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) was the target of a significant drop in short interest during the month of October. As of October 15th, there was short interest totaling 14,200 shares, a drop of 27.2% from the September 30th total of 19,500 shares. Approximately 1.7% of the shares of the stock are sold short. Based on an average trading volume of 31,400 shares, the days-to-cover ratio is presently 0.5 days. Based on an average trading volume of 31,400 shares, the days-to-cover ratio is presently 0.5 days. Approximately 1.7% of the shares of the stock are sold short.

First Trust Nasdaq Food & Beverage ETF Price Performance

NASDAQ:FTXG remained flat at $20.74 during mid-day trading on Tuesday. 6,435 shares of the company were exchanged, compared to its average volume of 31,513. First Trust Nasdaq Food & Beverage ETF has a fifty-two week low of $20.63 and a fifty-two week high of $24.72. The stock has a market capitalization of $17.63 million, a PE ratio of 15.14 and a beta of 0.42. The business has a 50 day simple moving average of $21.72 and a 200-day simple moving average of $22.29.

First Trust Nasdaq Food & Beverage ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Thursday, September 25th were issued a $0.1621 dividend. This represents a $0.65 dividend on an annualized basis and a dividend yield of 3.1%. This is an increase from First Trust Nasdaq Food & Beverage ETF’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Thursday, September 25th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Journey Advisory Group LLC bought a new position in shares of First Trust Nasdaq Food & Beverage ETF in the second quarter worth about $2,587,000. Wakefield Asset Management LLLP acquired a new stake in First Trust Nasdaq Food & Beverage ETF in the second quarter valued at approximately $916,000. Finally, Raymond James Financial Inc. acquired a new stake in First Trust Nasdaq Food & Beverage ETF in the second quarter valued at approximately $147,000.

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.