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

First Trust Indxx NextG ETF (NASDAQ:NXTG) was the target of a significant growth in short interest during the month of August. As of August 31st, there was short interest totaling 970 shares, a growth of 2,209.5% from the August 15th total of 42 shares. Based on an average daily volume of 5,694 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the shares of the stock are short sold.

Hedge Funds Weigh In On First Trust Indxx NextG ETF

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Stephens Inc. AR boosted its holdings in First Trust Indxx NextG ETF by 1.3% in the first quarter. Stephens Inc. AR now owns 6,729 shares of the company’s stock worth $753,000 after acquiring an additional 87 shares in the last quarter. NewEdge Advisors LLC grew its position in shares of First Trust Indxx NextG ETF by 0.4% during the 1st quarter. NewEdge Advisors LLC now owns 19,907 shares of the company’s stock worth $2,228,000 after buying an additional 87 shares in the last quarter. J.W. Cole Advisors Inc. raised its stake in shares of First Trust Indxx NextG ETF by 1.4% during the 4th quarter. J.W. Cole Advisors Inc. now owns 8,063 shares of the company’s stock worth $869,000 after acquiring an additional 111 shares in the last quarter. Private Advisor Group LLC raised its stake in First Trust Indxx NextG ETF by 0.7% in the 3rd quarter. Private Advisor Group LLC now owns 20,852 shares of the company’s stock worth $2,160,000 after acquiring an additional 147 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its position in First Trust Indxx NextG ETF by 16.9% during the second quarter. JPMorgan Chase & Co. now owns 1,170 shares of the company’s stock worth $114,000 after acquiring an additional 169 shares during the last quarter.

First Trust Indxx NextG ETF Stock Down 1.0%

Shares of NASDAQ NXTG traded down $1.59 during trading hours on Thursday, hitting $152.57. The company had a trading volume of 1,717 shares, compared to its average volume of 9,472. First Trust Indxx NextG ETF has a 1-year low of $101.01 and a 1-year high of $167.58. The stock has a market capitalization of $564.51 million, a P/E ratio of 22.81 and a beta of 1.04. The firm’s 50 day moving average is $150.03 and its 200-day moving average is $139.95.

First Trust Indxx NextG ETF Increases Dividend

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

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.