First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) Sees Significant Drop in Short Interest

First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) was the recipient of a significant decrease in short interest during 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. Approximately 1.5% of the company’s shares are sold short. Based on an average daily trading volume, of 16,100 shares, the days-to-cover 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 acquired a new position in First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 10,061 shares of the company’s stock, valued at approximately $258,000. Jane Street Group LLC owned approximately 0.77% of First Trust Nasdaq Food & Beverage ETF at the end of the most recent quarter.

First Trust Nasdaq Food & Beverage ETF Trading Up 2.1 %

Shares of FTXG stock opened at $23.32 on Thursday. The company has a market cap of $23.32 million, a PE ratio of 20.43 and a beta of 0.60. First Trust Nasdaq Food & Beverage ETF has a 12-month low of $21.70 and a 12-month high of $26.05. The business’s fifty day simple moving average is $22.78 and its 200-day simple moving average is $23.80.

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.