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

Posted by Alanna Baker on Mar 29th, 2025

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

First Trust Nasdaq Food & Beverage ETF Price Performance

Shares of FTXG stock traded down $0.10 during trading hours on Friday, hitting $23.40. The company had a trading volume of 11,194 shares, compared to its average volume of 13,855. The stock has a market capitalization of $23.40 million, a PE ratio of 20.43 and a beta of 0.60. The company’s fifty day moving average is $22.82 and its 200 day moving average is $23.76. First Trust Nasdaq Food & Beverage ETF has a fifty-two week low of $21.70 and a fifty-two week high of $26.05.

First Trust Nasdaq Food & Beverage ETF Cuts Dividend

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

Hedge Funds Weigh In On First Trust Nasdaq Food & Beverage ETF

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

First Trust Nasdaq Food & Beverage ETF Company Profile

(Get Free Report)

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.