Short Interest in First Trust Indxx NextG ETF (NASDAQ:NXTG) Increases By 2,050.4%

First Trust Indxx NextG ETF (NASDAQ:NXTG) saw a significant growth in short interest during the month of June. As of June 15th, there was short interest totaling 28,385 shares, a growth of 2,050.4% from the May 31st total of 1,320 shares. Based on an average trading volume of 26,937 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.8% of the company’s shares are sold short.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Jane Street Group LLC increased its position in First Trust Indxx NextG ETF by 12.3% during the first quarter. Jane Street Group LLC now owns 9,558 shares of the company’s stock valued at $811,000 after acquiring an additional 1,047 shares during the last quarter. JPMorgan Chase & Co. raised 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 acquiring an additional 169 shares during the period. Bank of America Corp DE lifted its holdings in shares of First Trust Indxx NextG ETF by 12.5% in the 2nd quarter. Bank of America Corp DE now owns 73,111 shares of the company’s stock worth $7,113,000 after acquiring an additional 8,095 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of First Trust Indxx NextG ETF by 200.0% during 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 period. Finally, Envestnet Asset Management Inc. boosted its stake in shares of First Trust Indxx NextG ETF by 50.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 19,853 shares of the company’s stock worth $2,056,000 after purchasing an additional 6,619 shares during the period.

First Trust Indxx NextG ETF Stock Performance

NXTG stock traded down $0.25 during midday trading on Thursday, reaching $153.71. 16,745 shares of the company traded hands, compared to its average volume of 9,869. The firm has a market capitalization of $568.73 million, a price-to-earnings ratio of 22.81 and a beta of 1.03. First Trust Indxx NextG ETF has a 52-week low of $95.47 and a 52-week high of $167.58. The business has a 50 day moving average of $146.63 and a 200-day moving average of $125.06.

First Trust Indxx NextG ETF Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 25th will be issued a dividend of $0.5768 per share. This represents a $2.31 annualized dividend and a yield of 1.5%. The ex-dividend date is Thursday, June 25th. This is a boost 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.