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


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First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) was the target of a significant increase in short interest during the month of March. As of March 31st, there was short interest totalling 33,500 shares, an increase of 36.7% from the March 15th total of 24,500 shares. Based on an average daily trading volume, of 4,900 shares, the short-interest ratio is currently 6.8 days.

A hedge fund recently bought a new stake in First Trust Nasdaq Food & Beverage ETF stock. Susquehanna International Group LLP acquired a new stake in First Trust Nasdaq Food & Beverage ETF (NASDAQ:FTXG) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 9,433 shares of the company’s stock, valued at approximately $220,000. Susquehanna International Group LLP owned about 6.29% of First Trust Nasdaq Food & Beverage ETF at the end of the most recent reporting period.

FTXG stock traded up $0.29 during midday trading on Monday, reaching $26.13. 100 shares of the company’s stock traded hands, compared to its average volume of 4,638. First Trust Nasdaq Food & Beverage ETF has a 52-week low of $18.07 and a 52-week high of $27.96. The stock’s 50-day moving average is $25.61 and its 200 day moving average is $24.03.

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