Short Interest in First Trust Indxx NextG ETF (NASDAQ:NXTG) Decreases By 60.0%

First Trust Indxx NextG ETF (NASDAQ:NXTG) saw a large decline in short interest in the month of August. As of August 14th, there was short interest totaling 42 shares, a decline of 60.0% from the July 30th total of 105 shares. Based on an average daily trading volume, of 6,758 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

First Trust Indxx NextG ETF Price Performance

Shares of NASDAQ NXTG opened at $152.89 on Friday. The company’s 50 day simple moving average is $150.07 and its 200 day simple moving average is $137.48. First Trust Indxx NextG ETF has a fifty-two week low of $97.94 and a fifty-two week high of $167.58. The firm has a market capitalization of $565.69 million, a P/E ratio of 22.81 and a beta of 1.04.

First Trust Indxx NextG ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a dividend of $0.5768 per share. This represents a $2.31 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Thursday, June 25th. This is a positive change from First Trust Indxx NextG ETF’s previous quarterly dividend of $0.23.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in NXTG. Russell Investments Group Ltd. boosted its position in shares of 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 purchasing an additional 236 shares during the last quarter. Parallel Advisors LLC bought a new stake in First Trust Indxx NextG ETF in the first quarter valued at about $49,000. Arax Advisory Partners acquired a new position in First Trust Indxx NextG ETF in the fourth quarter valued at about $53,000. Geneos Wealth Management Inc. lifted its stake in First Trust Indxx NextG ETF by 200.0% in the second quarter. Geneos Wealth Management Inc. now owns 651 shares of the company’s stock valued at $63,000 after buying an additional 434 shares during the period. Finally, Highland Investment Advisors LLC bought a new position in First Trust Indxx NextG ETF during the second quarter worth about $107,000.

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.