First Trust Indxx NextG ETF (NASDAQ:NXTG) Stock Short Interest Report for October

First Trust Indxx NextG ETF (NASDAQ:NXTG) was the recipient of a large decrease in short interest in October. As of October 15th, there was short interest totaling 541 shares, a decrease of 43.1% from the September 30th total of 951 shares. Based on an average daily trading volume, of 3,421 shares, the days-to-cover ratio is presently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

First Trust Indxx NextG ETF Stock Performance

NXTG traded down $4.57 during mid-day trading on Friday, reaching $145.12. The stock had a trading volume of 4,604 shares, compared to its average volume of 9,137. The firm’s fifty day simple moving average is $152.96 and its two-hundred day simple moving average is $138.79. The stock has a market capitalization of $529.69 million, a P/E ratio of 22.81 and a beta of 1.05. First Trust Indxx NextG ETF has a 52 week low of $101.01 and a 52 week high of $167.58.

First Trust Indxx NextG ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were paid a dividend of $0.6320 per share. This represents a $2.53 annualized dividend and a dividend yield of 1.7%. This is a boost from First Trust Indxx NextG ETF’s previous quarterly dividend of $0.5768. The ex-dividend date of this dividend was Thursday, September 24th.

Hedge Funds Weigh In On First Trust Indxx NextG ETF

Several hedge funds have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in First Trust Indxx NextG ETF by 19.8% in the first quarter. Royal Bank of Canada now owns 79,842 shares of the company’s stock worth $8,936,000 after purchasing an additional 13,201 shares during the period. Kestra Advisory Services LLC raised its holdings in First Trust Indxx NextG ETF by 1.1% during the 1st quarter. Kestra Advisory Services LLC now owns 64,687 shares of the company’s stock worth $7,240,000 after purchasing an additional 681 shares during the last quarter. Bank of America Corp DE raised its holdings in First Trust Indxx NextG ETF by 2.6% during the 1st quarter. Bank of America Corp DE now owns 58,654 shares of the company’s stock worth $6,565,000 after purchasing an additional 1,462 shares during the last quarter. Sigma Planning Corp acquired a new position in First Trust Indxx NextG ETF during the 3rd quarter valued at about $3,102,000. Finally, International Assets Investment Management LLC lifted its position in First Trust Indxx NextG ETF by 132.2% during the 3rd quarter. International Assets Investment Management LLC now owns 15,862 shares of the company’s stock valued at $2,442,000 after purchasing an additional 9,030 shares during the period.

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.