First Trust Indxx NextG ETF (NASDAQ:NXTG) Short Interest Up 9,588.6% in January

First Trust Indxx NextG ETF (NASDAQ:NXTG) was the target of a large increase in short interest in the month of January. As of January 30th, there was short interest totaling 6,782 shares, an increase of 9,588.6% from the January 15th total of 70 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average trading volume of 6,169 shares, the short-interest ratio is presently 1.1 days. Based on an average trading volume of 6,169 shares, the short-interest ratio is presently 1.1 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Russell Investments Group Ltd. grew its stake in First Trust Indxx NextG ETF by 1,966.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 248 shares of the company’s stock worth $26,000 after buying an additional 236 shares during the last quarter. Rossby Financial LCC bought a new stake in First Trust Indxx NextG ETF in the 2nd quarter valued at about $39,000. Geneos Wealth Management Inc. grew its position in First Trust Indxx NextG ETF by 200.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 651 shares of the company’s stock worth $63,000 after purchasing an additional 434 shares during the last quarter. Sound Income Strategies LLC bought a new position in First Trust Indxx NextG ETF in the 4th quarter worth about $102,000. Finally, JPMorgan Chase & Co. increased its stake in shares of First Trust Indxx NextG ETF by 16.9% in the second quarter. JPMorgan Chase & Co. now owns 1,170 shares of the company’s stock valued at $114,000 after purchasing an additional 169 shares during the period.

First Trust Indxx NextG ETF Stock Performance

NXTG traded up $0.47 on Tuesday, reaching $117.46. 2,703 shares of the company’s stock were exchanged, compared to its average volume of 9,400. The company has a market cap of $440.46 million, a price-to-earnings ratio of 22.81 and a beta of 0.89. First Trust Indxx NextG ETF has a twelve month low of $74.03 and a twelve month high of $117.79. The company’s 50 day moving average is $110.18 and its 200-day moving average is $105.82.

First Trust Indxx NextG ETF Increases Dividend

The firm also recently announced 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. This is a boost 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 1.8%. The ex-dividend date was Friday, December 12th.

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.