First Trust Indxx NextG ETF (NASDAQ:NXTG) Stock Short Interest Report for October

First Trust Indxx NextG ETF (NASDAQ:NXTG) saw a large decrease in short interest in the month of October. As of October 15th, there was short interest totaling 541 shares, a decrease of 43.1% from the September 30th total of 951 shares. Approximately 0.0% of the company’s stock are short sold. Based on an average daily volume of 3,421 shares, the short-interest ratio is currently 0.2 days.

Hedge Funds Weigh In On First Trust Indxx NextG ETF

Several hedge funds have recently bought and sold shares of NXTG. Sigma Planning Corp bought a new position in shares of First Trust Indxx NextG ETF during the third quarter valued at $3,102,000. Independent Financial Group LLC bought a new stake in shares of First Trust Indxx NextG ETF during the first quarter worth $2,080,000. Royal Bank of Canada grew its holdings in shares of First Trust Indxx NextG ETF by 19.8% during the first quarter. Royal Bank of Canada now owns 79,842 shares of the company’s stock worth $8,936,000 after purchasing an additional 13,201 shares during the last quarter. D.A. Davidson & CO. acquired a new stake in shares of First Trust Indxx NextG ETF in the third quarter valued at $1,447,000. Finally, International Assets Investment Management LLC increased its stake in shares of First Trust Indxx NextG ETF by 132.2% in the third quarter. International Assets Investment Management LLC now owns 15,862 shares of the company’s stock valued at $2,442,000 after buying an additional 9,030 shares in the last quarter.

First Trust Indxx NextG ETF Stock Down 3.1%

Shares of NXTG traded down $4.57 during midday trading on Friday, reaching $145.12. 4,604 shares of the stock were exchanged, compared to its average volume of 9,137. First Trust Indxx NextG ETF has a 12-month low of $101.01 and a 12-month high of $167.58. The firm has a 50 day simple moving average of $152.96 and a 200-day simple moving average of $138.79. The company has a market cap of $529.69 million, a price-to-earnings ratio of 22.81 and a beta of 1.05.

First Trust Indxx NextG ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were paid a $0.6320 dividend. This represents a $2.53 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Thursday, September 24th. This is a boost from First Trust Indxx NextG ETF’s previous quarterly dividend of $0.5768.

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.