First Trust Indxx NextG ETF (NASDAQ:NXTG) Stock Short Interest Jumps 541.4%

First Trust Indxx NextG ETF (NASDAQ:NXTG) saw a large increase in short interest in October. As of October 30th, there was short interest totaling 3,470 shares, an increase of 541.4% from the October 15th total of 541 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 14,644 shares, the days-to-cover ratio is currently 0.2 days.

Institutional Trading of First Trust Indxx NextG ETF

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC grew its holdings in shares of First Trust Indxx NextG ETF by 0.4% in the first quarter. NewEdge Advisors LLC now owns 19,907 shares of the company’s stock worth $2,228,000 after purchasing an additional 87 shares during the last quarter. Prasad Wealth Partners LLC lifted its holdings in First Trust Indxx NextG ETF by 6.3% during the 3rd quarter. Prasad Wealth Partners LLC now owns 2,143 shares of the company’s stock valued at $330,000 after buying an additional 127 shares in the last quarter. IFP Advisors Inc lifted its holdings in First Trust Indxx NextG ETF by 20.7% during the 3rd quarter. IFP Advisors Inc now owns 893 shares of the company’s stock valued at $137,000 after buying an additional 153 shares in the last quarter. Sanctuary Advisors LLC boosted its position in First Trust Indxx NextG ETF by 3.5% in the 1st quarter. Sanctuary Advisors LLC now owns 10,239 shares of the company’s stock valued at $1,146,000 after buying an additional 346 shares during the period. Finally, Kestra Advisory Services LLC boosted its position in First Trust Indxx NextG ETF by 0.6% in the 3rd quarter. Kestra Advisory Services LLC now owns 64,142 shares of the company’s stock valued at $9,875,000 after buying an additional 364 shares during the period.

First Trust Indxx NextG ETF Stock Down 0.4%

NXTG stock opened at $141.64 on Wednesday. The company has a fifty day simple moving average of $151.54 and a two-hundred day simple moving average of $139.85. First Trust Indxx NextG ETF has a 52 week low of $101.01 and a 52 week high of $167.58. The firm has a market capitalization of $502.82 million, a P/E ratio of 20.99 and a beta of 1.09.

First Trust Indxx NextG ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were paid a dividend of $0.6320 per share. The ex-dividend date of this dividend was Thursday, September 24th. This represents a $2.53 dividend on an annualized basis and a dividend yield of 1.8%. This is an increase from First Trust Indxx NextG ETF’s previous quarterly dividend of $0.5768.

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.