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

First Trust Indxx NextG ETF (NASDAQ:NXTG) saw a significant increase in short interest during the month of August. As of August 31st, there was short interest totaling 970 shares, an increase of 2,209.5% from the August 15th total of 42 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 5,694 shares, the days-to-cover ratio is presently 0.2 days.

First Trust Indxx NextG ETF Trading Down 1.0%

NXTG opened at $152.57 on Friday. The stock has a market capitalization of $564.51 million, a price-to-earnings ratio of 22.81 and a beta of 1.04. First Trust Indxx NextG ETF has a 1-year low of $101.01 and a 1-year high of $167.58. The business has a 50 day moving average of $150.03 and a 200-day moving average of $139.95.

First Trust Indxx NextG ETF Increases Dividend

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

Institutional Investors Weigh In On First Trust Indxx NextG ETF

A number of institutional investors have recently bought and sold shares of NXTG. Raymond James Financial Inc. grew its position in First Trust Indxx NextG ETF by 54.9% in the third quarter. Raymond James Financial Inc. now owns 130,229 shares of the company’s stock valued at $13,490,000 after acquiring an additional 46,139 shares during the period. Susquehanna International Group LLP raised its stake in 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 in the last quarter. Independent Financial Group LLC bought a new position in shares of First Trust Indxx NextG ETF during the first quarter valued at $2,080,000. Cerity Partners LLC bought a new position in shares of First Trust Indxx NextG ETF during the fourth quarter valued at $1,778,000. Finally, Citadel Advisors LLC acquired a new stake in shares of First Trust Indxx NextG ETF in the 3rd quarter valued at $1,612,000.

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.