First Trust Indxx NextG ETF (NASDAQ:NXTG) Short Interest Up 66.0% in April

First Trust Indxx NextG ETF (NASDAQ:NXTG) was the target of a significant increase in short interest in April. As of April 15th, there was short interest totaling 551 shares, an increase of 66.0% from the March 31st total of 332 shares. Based on an average daily trading volume, of 5,631 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s stock are sold short.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Jane Street Group LLC lifted its holdings in shares of First Trust Indxx NextG ETF by 12.3% in the 1st quarter. Jane Street Group LLC now owns 9,558 shares of the company’s stock worth $811,000 after purchasing an additional 1,047 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of First Trust Indxx NextG ETF by 16.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,170 shares of the company’s stock worth $114,000 after purchasing an additional 169 shares during the last quarter. 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 purchasing an additional 8,095 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of 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 purchasing an additional 434 shares during the last quarter. Finally, MGO One Seven LLC bought a new stake in shares of First Trust Indxx NextG ETF in the 3rd quarter worth approximately $262,000.

First Trust Indxx NextG ETF Stock Performance

Shares of NXTG stock traded down $1.31 during trading hours on Monday, reaching $130.61. The company had a trading volume of 3,927 shares, compared to its average volume of 7,148. First Trust Indxx NextG ETF has a twelve month low of $84.80 and a twelve month high of $131.92. The company has a market capitalization of $483.26 million, a P/E ratio of 22.81 and a beta of 0.89. The stock’s fifty day simple moving average is $118.02 and its 200 day simple moving average is $112.28.

First Trust Indxx NextG ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.2317 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.93 dividend on an annualized basis and a yield of 0.7%.

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.