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 February. As of February 13th, there was short interest totaling 296 shares, a decrease of 95.6% from the January 29th total of 6,782 shares. Currently, 0.0% of the company’s stock are sold short. Based on an average daily trading volume, of 4,747 shares, the days-to-cover ratio is currently 0.1 days. Based on an average daily trading volume, of 4,747 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

First Trust Indxx NextG ETF Stock Up 1.0%

Shares of NASDAQ:NXTG traded up $1.24 on Wednesday, reaching $120.82. The company had a trading volume of 3,530 shares, compared to its average volume of 7,947. The stock has a market capitalization of $453.08 million, a P/E ratio of 22.81 and a beta of 0.89. The stock has a 50-day moving average price of $112.78 and a 200 day moving average price of $107.55. First Trust Indxx NextG ETF has a twelve month low of $74.03 and a twelve month high of $120.82.

First Trust Indxx NextG ETF Increases Dividend

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

Hedge Funds Weigh In On First Trust Indxx NextG ETF

Institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. lifted its stake in shares of 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 during the last quarter. Flow Traders U.S. LLC raised its holdings in First Trust Indxx NextG ETF by 355.8% in the 2nd quarter. Flow Traders U.S. LLC now owns 38,567 shares of the company’s stock worth $3,752,000 after acquiring an additional 30,105 shares during the period. Susquehanna International Group LLP raised its holdings in 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 period. Cerity Partners LLC acquired a new position in First Trust Indxx NextG ETF during the 4th quarter worth $1,778,000. Finally, Citadel Advisors LLC bought a new stake in First Trust Indxx NextG ETF during the third quarter valued at about $1,612,000.

First Trust Indxx NextG ETF Company Profile

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.