First Trust Indxx NextG ETF (NASDAQ:NXTG) Short Interest Up 33,953.6% in December

First Trust Indxx NextG ETF (NASDAQ:NXTG) was the recipient of a large increase in short interest during the month of December. As of December 31st, there was short interest totaling 9,535 shares, an increase of 33,953.6% from the December 15th total of 28 shares. Based on an average daily volume of 6,430 shares, the days-to-cover ratio is presently 1.5 days. Approximately 0.3% of the shares of the stock are short sold. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 6,430 shares, the days-to-cover ratio is presently 1.5 days.

First Trust Indxx NextG ETF Price Performance

Shares of NXTG stock traded up $0.36 during trading hours on Monday, hitting $110.44. 8,595 shares of the company’s stock were exchanged, compared to its average volume of 14,214. First Trust Indxx NextG ETF has a 52 week low of $74.03 and a 52 week high of $111.54. The stock has a market cap of $419.67 million, a price-to-earnings ratio of 22.81 and a beta of 0.89. The stock’s 50-day moving average is $107.17 and its 200-day moving average is $103.51.

First Trust Indxx NextG ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a dividend of $0.5364 per share. The ex-dividend date of this dividend was Friday, December 12th. This represents a $2.15 dividend on an annualized basis and a yield of 1.9%. This is an increase from First Trust Indxx NextG ETF’s previous quarterly dividend of $0.50.

Hedge Funds Weigh In On First Trust Indxx NextG ETF

Large investors have recently modified their holdings of the stock. Jane Street Group LLC boosted its position in First Trust Indxx NextG ETF by 12.3% in the 1st quarter. Jane Street Group LLC now owns 9,558 shares of the company’s stock valued at $811,000 after buying an additional 1,047 shares during the last quarter. WealthCare Investment Partners LLC lifted its stake in shares of First Trust Indxx NextG ETF by 3.5% during the second quarter. WealthCare Investment Partners LLC now owns 15,991 shares of the company’s stock valued at $1,570,000 after acquiring an additional 546 shares during the period. Prepared Retirement Institute LLC bought a new position in First Trust Indxx NextG ETF in the second quarter valued at about $208,000. Janney Montgomery Scott LLC increased its position in First Trust Indxx NextG ETF by 7.5% in the second quarter. Janney Montgomery Scott LLC now owns 77,071 shares of the company’s stock worth $7,498,000 after purchasing an additional 5,388 shares during the period. Finally, Kraft Davis & Associates LLC bought a new stake in First Trust Indxx NextG ETF during the 2nd quarter worth about $209,000.

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.