First Trust Indxx NextG ETF (NASDAQ:NXTG) Sees Large Increase in Short Interest

First Trust Indxx NextG ETF (NASDAQ:NXTG) saw a large growth in short interest in the month of January. As of January 30th, there was short interest totaling 6,782 shares, a growth of 9,588.6% from the January 15th total of 70 shares. Currently, 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 6,169 shares, the short-interest ratio is presently 1.1 days. Based on an average daily trading volume, of 6,169 shares, the short-interest ratio is presently 1.1 days. Currently, 0.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC raised its position in shares of First Trust Indxx NextG ETF by 12.3% during the first quarter. Jane Street Group LLC now owns 9,558 shares of the company’s stock valued at $811,000 after buying an additional 1,047 shares during the last quarter. Kraft Davis & Associates LLC bought a new position in shares of First Trust Indxx NextG ETF during the second quarter worth $209,000. Envestnet Asset Management Inc. grew its stake in First Trust Indxx NextG ETF by 7.7% during the second quarter. Envestnet Asset Management Inc. now owns 13,234 shares of the company’s stock valued at $1,288,000 after acquiring an additional 944 shares in the last quarter. Rossby Financial LCC bought a new stake in First Trust Indxx NextG ETF in the 2nd quarter valued at $39,000. Finally, Prospera Financial Services Inc increased its holdings in First Trust Indxx NextG ETF by 58.7% in the 2nd quarter. Prospera Financial Services Inc now owns 10,415 shares of the company’s stock valued at $1,016,000 after acquiring an additional 3,851 shares during the last quarter.

First Trust Indxx NextG ETF Stock Up 0.4%

NASDAQ:NXTG opened at $117.46 on Wednesday. The business’s 50-day simple moving average is $110.39 and its two-hundred day simple moving average is $105.96. First Trust Indxx NextG ETF has a 52 week low of $74.03 and a 52 week high of $117.79. The stock has a market cap of $440.46 million, a PE ratio of 22.81 and a beta of 0.89.

First Trust Indxx NextG ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were paid a dividend of $0.5364 per share. This is a boost from First Trust Indxx NextG ETF’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, December 12th. This represents a $2.15 annualized dividend and a yield of 1.8%.

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.