First Trust Indxx NextG ETF (NASDAQ:NXTG) Sees Significant Growth in Short Interest

First Trust Indxx NextG ETF (NASDAQ:NXTG) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totaling 105 shares, an increase of 452.6% from the July 15th total of 19 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average trading volume of 10,667 shares, the short-interest ratio is presently 0.0 days.

First Trust Indxx NextG ETF Price Performance

Shares of NASDAQ NXTG traded up $1.00 during mid-day trading on Thursday, hitting $155.60. The company had a trading volume of 12,670 shares, compared to its average volume of 9,967. The company has a market capitalization of $575.72 million, a PE ratio of 22.81 and a beta of 1.04. The business’s 50-day simple moving average is $150.71 and its 200 day simple moving average is $134.50. First Trust Indxx NextG ETF has a 1-year low of $97.94 and a 1-year high of $167.58.

First Trust Indxx NextG ETF Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued 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. The ex-dividend date was Thursday, June 25th. This represents a $2.31 annualized dividend and a yield of 1.5%.

Hedge Funds Weigh In On First Trust Indxx NextG ETF

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Western Wealth Management LLC purchased a new stake in shares of First Trust Indxx NextG ETF during the first quarter worth approximately $154,000. Parallel Advisors LLC purchased a new position in First Trust Indxx NextG ETF in the first quarter worth approximately $49,000. NewEdge Advisors LLC grew its holdings in First Trust Indxx NextG ETF by 0.4% during the 1st quarter. NewEdge Advisors LLC now owns 19,907 shares of the company’s stock worth $2,228,000 after acquiring an additional 87 shares in the last quarter. Bank of America Corp DE increased its position in shares of First Trust Indxx NextG ETF by 2.6% in the 1st quarter. Bank of America Corp DE now owns 58,654 shares of the company’s stock valued at $6,565,000 after purchasing an additional 1,462 shares during the last quarter. Finally, Royal Bank of Canada increased its position in shares of First Trust Indxx NextG ETF by 19.8% in the 1st quarter. Royal Bank of Canada now owns 79,842 shares of the company’s stock valued at $8,936,000 after purchasing an additional 13,201 shares during the last quarter.

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.