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

First Trust Indxx NextG ETF (NASDAQ:NXTG) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 42 shares, a drop of 60.0% from the July 30th total of 105 shares. Based on an average trading volume of 6,758 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the shares of the company are short sold.

Institutional Trading of First Trust Indxx NextG ETF

Several hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. raised its holdings in First Trust Indxx NextG ETF by 54.9% during the third quarter. Raymond James Financial Inc. now owns 130,229 shares of the company’s stock worth $13,490,000 after purchasing an additional 46,139 shares in the last quarter. Royal Bank of Canada increased its position in First Trust Indxx NextG ETF by 19.8% during the 1st quarter. Royal Bank of Canada now owns 79,842 shares of the company’s stock worth $8,936,000 after purchasing an additional 13,201 shares during the period. Bank of America Corp DE increased its position in First Trust Indxx NextG ETF by 12.5% during the 2nd quarter. Bank of America Corp DE now owns 73,111 shares of the company’s stock worth $7,113,000 after purchasing an additional 8,095 shares during the period. Kestra Advisory Services LLC increased its position in First Trust Indxx NextG ETF by 1.1% during the 1st quarter. Kestra Advisory Services LLC now owns 64,687 shares of the company’s stock worth $7,240,000 after purchasing an additional 681 shares during the period. Finally, Susquehanna International Group LLP raised its stake in shares of First Trust Indxx NextG ETF by 183.1% during the 3rd quarter. Susquehanna International Group LLP now owns 43,995 shares of the company’s stock worth $4,557,000 after buying an additional 28,455 shares in the last quarter.

First Trust Indxx NextG ETF Price Performance

Shares of NASDAQ:NXTG traded down $0.98 during trading on Friday, reaching $151.91. The company had a trading volume of 4,829 shares, compared to its average volume of 9,689. First Trust Indxx NextG ETF has a fifty-two week low of $97.94 and a fifty-two week high of $167.58. The stock’s fifty day moving average price is $149.95 and its 200 day moving average price is $137.58. The firm has a market capitalization of $562.07 million, a price-to-earnings ratio of 22.81 and a beta of 1.04.

First Trust Indxx NextG ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a $0.5768 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $2.31 annualized dividend and a yield of 1.5%. This is an increase from First Trust Indxx NextG ETF’s previous quarterly dividend of $0.23.

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.