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

First Trust Indxx NextG ETF (NASDAQ:NXTG) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 1,557 shares, a growth of 182.6% from the April 15th total of 551 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average daily trading volume, of 7,880 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of First Trust Indxx NextG ETF

A number of hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. boosted its stake in First Trust Indxx NextG ETF by 54.9% in the third quarter. Raymond James Financial Inc. now owns 130,229 shares of the company’s stock worth $13,490,000 after buying an additional 46,139 shares in the last quarter. Susquehanna International Group LLP lifted its holdings in shares of First Trust Indxx NextG ETF by 183.1% in the 3rd quarter. Susquehanna International Group LLP now owns 43,995 shares of the company’s stock worth $4,557,000 after acquiring an additional 28,455 shares during the last quarter. Independent Financial Group LLC purchased a new stake in shares of First Trust Indxx NextG ETF in the 1st quarter valued at $2,080,000. Cerity Partners LLC purchased a new stake in shares of First Trust Indxx NextG ETF in the 4th quarter valued at $1,778,000. Finally, Citadel Advisors LLC bought a new position in shares of First Trust Indxx NextG ETF during the 3rd quarter valued at $1,612,000.

First Trust Indxx NextG ETF Stock Up 0.8%

Shares of NASDAQ NXTG opened at $146.87 on Friday. The stock’s 50-day simple moving average is $123.08 and its two-hundred day simple moving average is $115.03. First Trust Indxx NextG ETF has a twelve month low of $90.37 and a twelve month high of $147.50. The firm has a market capitalization of $543.42 million, a P/E ratio of 22.81 and a beta of 0.99.

First Trust Indxx NextG ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were paid a dividend of $0.2317 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.93 annualized dividend and a yield of 0.6%.

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.