Short Interest in First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) Rises By 5.5%

First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) was the recipient of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 17,300 shares, a growth of 5.5% from the August 15th total of 16,400 shares. Based on an average trading volume of 16,400 shares, the short-interest ratio is presently 1.1 days.

First Trust Nasdaq Food & Beverage ETF Stock Performance

Shares of NASDAQ:FTXG traded up $0.03 on Thursday, hitting $25.92. The stock had a trading volume of 1,046 shares, compared to its average volume of 20,988. The firm’s 50 day moving average price is $24.86 and its 200-day moving average price is $24.43. First Trust Nasdaq Food & Beverage ETF has a twelve month low of $21.55 and a twelve month high of $26.05. The company has a market capitalization of $44.06 million, a price-to-earnings ratio of 19.00 and a beta of 0.60.

First Trust Nasdaq Food & Beverage ETF Increases Dividend

The company also recently declared a dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were given a $0.1833 dividend. The ex-dividend date of this dividend was Thursday, June 27th. This is a positive change from First Trust Nasdaq Food & Beverage ETF’s previous dividend of $0.09.

Institutional Trading of First Trust Nasdaq Food & Beverage ETF

Several large investors have recently added to or reduced their stakes in the company. Founders Financial Alliance LLC grew its holdings in shares of First Trust Nasdaq Food & Beverage ETF by 10.6% during the fourth quarter. Founders Financial Alliance LLC now owns 5,738 shares of the company’s stock worth $139,000 after purchasing an additional 552 shares during the last quarter. International Assets Investment Management LLC acquired a new position in shares of First Trust Nasdaq Food & Beverage ETF during the fourth quarter worth approximately $609,000. Finally, Bbjs Financial Advisors LLC grew its stake in shares of First Trust Nasdaq Food & Beverage ETF by 0.8% during the second quarter. Bbjs Financial Advisors LLC now owns 123,672 shares of the company’s stock valued at $2,903,000 after purchasing an additional 935 shares during the last quarter.

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.