Short Interest in First Trust Indxx NextG ETF (NASDAQ:NXTG) Expands By 66.0%

First Trust Indxx NextG ETF (NASDAQ:NXTG) was the target of a significant growth in short interest in April. As of April 15th, there was short interest totaling 551 shares, a growth of 66.0% from the March 31st total of 332 shares. Based on an average trading volume of 5,631 shares, the short-interest ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are short sold.

First Trust Indxx NextG ETF Stock Performance

NXTG traded up $0.95 on Wednesday, hitting $130.74. 451 shares of the company were exchanged, compared to its average volume of 7,081. First Trust Indxx NextG ETF has a 12 month low of $85.43 and a 12 month high of $131.92. The company has a market cap of $483.74 million, a PE ratio of 22.81 and a beta of 0.89. The stock’s fifty day moving average is $118.49 and its 200-day moving average is $112.63.

First Trust Indxx NextG ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a $0.2317 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.93 annualized dividend and a yield of 0.7%.

Institutional Trading of First Trust Indxx NextG ETF

Several institutional investors and hedge funds have recently bought and sold shares of NXTG. Raymond James Financial Inc. raised its stake in First Trust Indxx NextG ETF by 54.9% in the third quarter. Raymond James Financial Inc. now owns 130,229 shares of the company’s stock valued at $13,490,000 after buying an additional 46,139 shares during the period. Susquehanna International Group LLP raised its stake in First Trust Indxx NextG ETF by 183.1% in the third quarter. Susquehanna International Group LLP now owns 43,995 shares of the company’s stock valued at $4,557,000 after buying an additional 28,455 shares during the period. Cerity Partners LLC bought a new stake in First Trust Indxx NextG ETF in the fourth quarter valued at approximately $1,778,000. Citadel Advisors LLC bought a new stake in First Trust Indxx NextG ETF in the third quarter valued at approximately $1,612,000. Finally, Flaharty Asset Management LLC bought a new stake in First Trust Indxx NextG ETF in the third quarter valued at approximately $918,000.

About First Trust Indxx NextG ETF

The First Trust IndXX NextG ETF (NXTG) is an exchange-traded fund that is based on the Indxx 5G & NextG Thematic index. The fund tracks a tiered-weighted index of global equities related to next generation digital cellular technologies. NXTG was launched on Feb 17, 2011 and is managed by First Trust.