Short Interest in First Trust Indxx NextG ETF (NASDAQ:NXTG) Decreases By 60.0%

First Trust Indxx NextG ETF (NASDAQ:NXTG) was the target of a large drop in short interest during the month of August. As of August 14th, there was short interest totaling 42 shares, a drop of 60.0% from the July 30th total of 105 shares. Based on an average trading volume of 6,758 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the company’s shares are sold short.

First Trust Indxx NextG ETF Stock Performance

Shares of NASDAQ NXTG opened at $152.89 on Friday. First Trust Indxx NextG ETF has a 52-week low of $97.94 and a 52-week high of $167.58. The stock has a market cap of $565.69 million, a P/E ratio of 22.81 and a beta of 1.04. The firm has a 50 day moving average price of $150.07 and a 200 day moving average price of $137.48.

First Trust Indxx NextG ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a dividend of $0.5768 per share. This is a positive change from First Trust Indxx NextG ETF’s previous quarterly dividend of $0.23. This represents a $2.31 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Thursday, June 25th.

Institutional Trading of First Trust Indxx NextG ETF

Several hedge funds have recently added to or reduced their stakes in NXTG. Russell Investments Group Ltd. increased its holdings in shares of First Trust Indxx NextG ETF by 1,966.7% in the third quarter. Russell Investments Group Ltd. now owns 248 shares of the company’s stock worth $26,000 after acquiring an additional 236 shares in the last quarter. Parallel Advisors LLC acquired a new stake in First Trust Indxx NextG ETF during the 1st quarter worth approximately $49,000. Arax Advisory Partners bought a new position in First Trust Indxx NextG ETF in the fourth quarter valued at approximately $53,000. Geneos Wealth Management Inc. boosted its holdings in shares of First Trust Indxx NextG ETF by 200.0% in the second quarter. Geneos Wealth Management Inc. now owns 651 shares of the company’s stock valued at $63,000 after buying an additional 434 shares during the period. Finally, Fifth Third Bancorp bought a new stake in shares of First Trust Indxx NextG ETF during the first quarter worth $107,000.

First Trust Indxx NextG ETF Company Profile

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.