First Trust Indxx NextG ETF (NASDAQ:NXTG) Short Interest Update

First Trust Indxx NextG ETF (NASDAQ:NXTG) was the target of a large drop in short interest in June. As of June 30th, there was short interest totaling 4,574 shares, a drop of 83.9% from the June 15th total of 28,385 shares. Based on an average daily trading volume, of 12,840 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the company’s stock are sold short.

Hedge Funds Weigh In On First Trust Indxx NextG ETF

Institutional investors have recently bought and sold shares of the business. Jane Street Group LLC boosted its holdings in shares of 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 acquiring an additional 1,047 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in shares of First Trust Indxx NextG ETF by 16.9% during the second quarter. JPMorgan Chase & Co. now owns 1,170 shares of the company’s stock worth $114,000 after purchasing an additional 169 shares during the last quarter. Bank of America Corp DE lifted its position in First Trust Indxx NextG ETF by 12.5% during the second quarter. Bank of America Corp DE now owns 73,111 shares of the company’s stock valued at $7,113,000 after purchasing an additional 8,095 shares during the period. Geneos Wealth Management Inc. lifted its position in First Trust Indxx NextG ETF by 200.0% during the second quarter. Geneos Wealth Management Inc. now owns 651 shares of the company’s stock valued at $63,000 after purchasing an additional 434 shares during the period. Finally, First Trust Advisors LP boosted its holdings in First Trust Indxx NextG ETF by 4.6% in the third quarter. First Trust Advisors LP now owns 12,298 shares of the company’s stock valued at $1,273,000 after purchasing an additional 538 shares during the last quarter.

First Trust Indxx NextG ETF Price Performance

First Trust Indxx NextG ETF stock traded down $2.73 during midday trading on Monday, reaching $149.28. The company’s stock had a trading volume of 18,120 shares, compared to its average volume of 9,954. The stock has a market capitalization of $552.34 million, a P/E ratio of 22.81 and a beta of 1.03. The stock’s 50-day simple moving average is $151.57 and its 200-day simple moving average is $128.66. First Trust Indxx NextG ETF has a 52-week low of $95.47 and a 52-week high of $167.58.

First Trust Indxx NextG ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.5768 dividend. This is a boost from First Trust Indxx NextG ETF’s previous quarterly dividend of $0.23. The ex-dividend date was Thursday, June 25th. This represents a $2.31 annualized dividend and a yield of 1.5%.

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.