First Trust Indxx NextG ETF (NASDAQ:NXTG) Stock Short Interest Rises 541.4%

First Trust Indxx NextG ETF (NASDAQ:NXTG) was the recipient of a large increase in short interest during the month of October. As of October 30th, there was short interest totaling 3,470 shares, an increase of 541.4% from the October 15th total of 541 shares. Currently, 0.1% of the shares of the company are short sold. Based on an average trading volume of 14,644 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of First Trust Indxx NextG ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its position in First Trust Indxx NextG ETF by 19.8% in the 1st quarter. Royal Bank of Canada now owns 79,842 shares of the company’s stock worth $8,936,000 after buying an additional 13,201 shares during the period. Kestra Advisory Services LLC lifted its holdings in shares of First Trust Indxx NextG ETF by 1.1% during the first quarter. Kestra Advisory Services LLC now owns 64,687 shares of the company’s stock worth $7,240,000 after buying an additional 681 shares during the last quarter. Bank of America Corp DE boosted its position in shares of First Trust Indxx NextG ETF by 2.6% in the first quarter. Bank of America Corp DE now owns 58,654 shares of the company’s stock valued at $6,565,000 after acquiring an additional 1,462 shares during the period. Private Advisor Group LLC boosted its position in shares of First Trust Indxx NextG ETF by 2.5% in the third quarter. Private Advisor Group LLC now owns 32,515 shares of the company’s stock valued at $5,006,000 after acquiring an additional 779 shares during the period. Finally, Benjamin Edwards Inc. bought a new stake in shares of First Trust Indxx NextG ETF in the third quarter valued at approximately $3,326,000.

First Trust Indxx NextG ETF Trading Down 0.8%

First Trust Indxx NextG ETF stock traded down $1.16 on Thursday, reaching $143.73. 2,840 shares of the stock were exchanged, compared to its average volume of 9,085. The firm has a fifty day moving average price of $151.23 and a two-hundred day moving average price of $140.17. The stock has a market cap of $510.23 million, a PE ratio of 20.99 and a beta of 1.09. First Trust Indxx NextG ETF has a twelve month low of $101.01 and a twelve month high of $167.58.

First Trust Indxx NextG ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were paid a dividend of $0.6320 per share. This represents a $2.53 annualized dividend and a yield of 1.8%. The ex-dividend date was Thursday, September 24th. This is a positive change from First Trust Indxx NextG ETF’s previous quarterly dividend of $0.5768.

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.