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

First Trust Indxx NextG ETF (NASDAQ:NXTG) was the recipient of a significant drop in short interest during the month of January. As of January 15th, there was short interest totaling 70 shares, a drop of 99.3% from the December 31st total of 9,535 shares. Approximately 0.0% of the company’s shares are short sold. Based on an average daily volume of 14,938 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 14,938 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the company’s shares are short sold.

Institutional Trading of First Trust Indxx NextG ETF

Several institutional investors have recently modified their holdings of the business. Raymond James Financial Inc. raised its position in First Trust Indxx NextG ETF by 54.9% during the 3rd 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 during the last quarter. Flow Traders U.S. LLC increased its stake in shares of First Trust Indxx NextG ETF by 355.8% in the second quarter. Flow Traders U.S. LLC now owns 38,567 shares of the company’s stock valued at $3,752,000 after buying an additional 30,105 shares during the period. Susquehanna International Group LLP raised its position in shares of First Trust Indxx NextG ETF by 183.1% during the third 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 last quarter. Citadel Advisors LLC bought a new position in shares of First Trust Indxx NextG ETF during the third quarter worth about $1,612,000. Finally, Rockefeller Capital Management L.P. acquired a new position in shares of First Trust Indxx NextG ETF in the second quarter worth approximately $1,094,000.

First Trust Indxx NextG ETF Stock Performance

Shares of NASDAQ:NXTG traded up $1.98 during midday trading on Tuesday, hitting $115.37. 14,654 shares of the stock were exchanged, compared to its average volume of 11,444. The business’s 50-day moving average price is $108.34 and its 200 day moving average price is $104.74. First Trust Indxx NextG ETF has a 12 month low of $74.03 and a 12 month high of $115.48. The stock has a market capitalization of $432.64 million, a price-to-earnings ratio of 22.81 and a beta of 0.89.

First Trust Indxx NextG ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were paid a dividend of $0.5364 per share. The ex-dividend date of this dividend was Friday, December 12th. This is an increase from First Trust Indxx NextG ETF’s previous quarterly dividend of $0.50. This represents a $2.15 annualized dividend and a dividend yield of 1.9%.

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.