Short Interest in First Trust Indxx NextG ETF (NASDAQ:NXTG) Declines By 66.8%

First Trust Indxx NextG ETF (NASDAQ:NXTG) was the recipient of a large decline in short interest in May. As of May 29th, there was short interest totaling 1,320 shares, a decline of 66.8% from the May 14th total of 3,974 shares. Based on an average daily volume of 8,991 shares, the short-interest ratio is presently 0.1 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Investors Weigh In On First Trust Indxx NextG ETF

Several hedge funds have recently bought and sold shares of NXTG. Russell Investments Group Ltd. lifted its stake in First Trust Indxx NextG ETF by 1,966.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 248 shares of the company’s stock worth $26,000 after acquiring an additional 236 shares in the last quarter. Parallel Advisors LLC purchased a new stake in First Trust Indxx NextG ETF in the 1st quarter worth about $49,000. Arax Advisory Partners purchased a new stake in First Trust Indxx NextG ETF in the 4th quarter worth about $53,000. Geneos Wealth Management Inc. lifted its stake 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 acquiring an additional 434 shares in the last quarter. Finally, Sound Income Strategies LLC purchased a new stake in First Trust Indxx NextG ETF in the 4th quarter worth about $102,000.

First Trust Indxx NextG ETF Price Performance

NASDAQ NXTG traded up $0.71 on Friday, hitting $155.84. 59,887 shares of the stock were exchanged, compared to its average volume of 9,538. First Trust Indxx NextG ETF has a 52-week low of $93.38 and a 52-week high of $167.58. The company has a market capitalization of $576.61 million, a price-to-earnings ratio of 22.81 and a beta of 1.03. The company’s 50-day moving average price is $138.96 and its two-hundred day moving average price is $121.55.

First Trust Indxx NextG ETF Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a $0.2317 dividend. This represents a $0.93 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Thursday, March 26th.

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.