First Trust Indxx NextG ETF (NASDAQ:NXTG) Stock Short Interest Report for October

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

First Trust Indxx NextG ETF Stock Performance

Shares of NASDAQ:NXTG traded down $2.54 during midday trading on Friday, hitting $141.39. 270 shares of the stock were exchanged, compared to its average volume of 9,043. The company has a market capitalization of $501.92 million, a PE ratio of 20.99 and a beta of 1.09. First Trust Indxx NextG ETF has a 52-week low of $101.01 and a 52-week high of $167.58. The business’s fifty day simple moving average is $151.23 and its two-hundred day simple moving average is $140.17.

First Trust Indxx NextG ETF Increases Dividend

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

Hedge Funds Weigh In On First Trust Indxx NextG ETF

A number of institutional investors have recently made changes to their positions in NXTG. Kestra Advisory Services LLC increased its position in First Trust Indxx NextG ETF by 0.6% during the third quarter. Kestra Advisory Services LLC now owns 64,142 shares of the company’s stock worth $9,875,000 after acquiring an additional 364 shares during the period. Royal Bank of Canada lifted its holdings in shares of First Trust Indxx NextG ETF by 19.8% during the first quarter. Royal Bank of Canada now owns 79,842 shares of the company’s stock valued at $8,936,000 after acquiring an additional 13,201 shares during the period. Bank of America Corp DE boosted its stake in shares of First Trust Indxx NextG ETF by 2.6% in the 1st quarter. Bank of America Corp DE now owns 58,654 shares of the company’s stock valued at $6,565,000 after purchasing an additional 1,462 shares in the last quarter. Private Advisor Group LLC boosted its stake in shares of First Trust Indxx NextG ETF by 2.5% in the 3rd quarter. Private Advisor Group LLC now owns 32,515 shares of the company’s stock valued at $5,006,000 after purchasing an additional 779 shares in the last quarter. Finally, Benjamin Edwards Inc. acquired a new stake in shares of First Trust Indxx NextG ETF in the 3rd quarter valued at $3,326,000.

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.