First Trust Indxx NextG ETF (NASDAQ:NXTG) Sees Significant Decline in Short Interest

First Trust Indxx NextG ETF (NASDAQ:NXTG) was the recipient of a large decrease in short interest during the month of December. As of December 15th, there was short interest totaling 28 shares, a decrease of 94.9% from the November 30th total of 551 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily volume of 5,210 shares, the days-to-cover ratio is currently 0.0 days. Based on an average daily volume of 5,210 shares, the days-to-cover ratio is currently 0.0 days. Approximately 0.0% of the shares of the stock are sold short.

Hedge Funds Weigh In On First Trust Indxx NextG ETF

Institutional investors and hedge funds have recently bought and sold shares of the stock. Russell Investments Group Ltd. increased 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 purchasing an additional 236 shares during the period. Rossby Financial LCC purchased a new position in shares of First Trust Indxx NextG ETF in the second quarter worth $39,000. Geneos Wealth Management Inc. raised its holdings in 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 valued at $63,000 after buying an additional 434 shares during the last quarter. Comerica Bank boosted its position in First Trust Indxx NextG ETF by 22.1% during the 1st quarter. Comerica Bank now owns 1,347 shares of the company’s stock valued at $114,000 after buying an additional 244 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in First Trust Indxx NextG ETF by 16.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,170 shares of the company’s stock valued at $114,000 after buying an additional 169 shares during the period.

First Trust Indxx NextG ETF Stock Performance

NASDAQ:NXTG traded up $0.34 during mid-day trading on Friday, reaching $108.27. The stock had a trading volume of 1,329 shares, compared to its average volume of 7,541. The firm has a 50 day moving average price of $107.17 and a two-hundred day moving average price of $102.27. The stock has a market capitalization of $427.65 million, a P/E ratio of 22.81 and a beta of 0.89. First Trust Indxx NextG ETF has a one year low of $74.03 and a one year high of $111.54.

First Trust Indxx NextG ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th will be issued a $0.5364 dividend. This is an increase 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 2.0%. The ex-dividend date is 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.