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

First Trust Indxx NextG ETF (NASDAQ:NXTG) was the recipient of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 19 shares, a decrease of 99.6% from the June 30th total of 4,574 shares. Based on an average daily trading volume, of 13,606 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

First Trust Indxx NextG ETF Stock Down 0.6%

Shares of NASDAQ NXTG opened at $145.04 on Friday. First Trust Indxx NextG ETF has a twelve month low of $95.47 and a twelve month high of $167.58. The firm has a market cap of $536.65 million, a P/E ratio of 22.81 and a beta of 1.03. The company has a 50 day moving average of $152.03 and a 200 day moving average of $130.91.

First Trust Indxx NextG ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a $0.5768 dividend. This represents a $2.31 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Thursday, June 25th. This is a positive change from First Trust Indxx NextG ETF’s previous quarterly dividend of $0.23.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Russell Investments Group Ltd. lifted its holdings in shares of First Trust Indxx NextG ETF by 1,966.7% during the third quarter. Russell Investments Group Ltd. now owns 248 shares of the company’s stock valued at $26,000 after purchasing an additional 236 shares in the last quarter. Parallel Advisors LLC bought a new stake in First Trust Indxx NextG ETF in the 1st quarter worth about $49,000. Arax Advisory Partners bought a new stake in First Trust Indxx NextG ETF in the 4th quarter worth about $53,000. Geneos Wealth Management Inc. raised its position in First Trust Indxx NextG ETF by 200.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 651 shares of the company’s stock worth $63,000 after buying an additional 434 shares during the last quarter. Finally, Sound Income Strategies LLC purchased a new position in First Trust Indxx NextG ETF in the 4th quarter worth about $102,000.

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.