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 recipient of a significant decline in short interest in 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 sold short. Based on an average daily trading volume, of 16,100 shares, the short-interest ratio is presently 0.9 days.

First Trust Nasdaq Food & Beverage ETF Stock Down 0.4 %

Shares of First Trust Nasdaq Food & Beverage ETF stock traded down $0.10 during trading hours on Friday, hitting $23.40. The company’s stock had a trading volume of 11,194 shares, compared to its average volume of 13,855. The business has a fifty day moving average of $22.82 and a 200 day moving average of $23.76. First Trust Nasdaq Food & Beverage ETF has a 1-year low of $21.70 and a 1-year high of $26.05. The company has a market capitalization of $23.40 million, a PE ratio of 20.43 and a beta of 0.60.

First Trust Nasdaq Food & Beverage ETF Cuts Dividend

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

Institutional Inflows and Outflows

An institutional investor recently bought a new position in First Trust Nasdaq Food & Beverage ETF stock. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 27,326 shares of the company’s stock, valued at approximately $630,000. Wealth Enhancement Advisory Services LLC owned 2.73% of First Trust Nasdaq Food & Beverage ETF as of its most recent SEC filing.

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.