First Trust IndXX NextG ETF (NASDAQ:NXTG) Sees Large Growth in Short Interest

First Trust IndXX NextG ETF (NASDAQ:NXTG) was the target of a significant growth in short interest in the month of August. As of August 31st, there was short interest totalling 20,400 shares, a growth of 142.9% from the August 15th total of 8,400 shares. Based on an average trading volume of 29,000 shares, the days-to-cover ratio is currently 0.7 days.

Institutional investors have recently bought and sold shares of the company. Titus Wealth Management increased its holdings in First Trust IndXX NextG ETF by 2.3% in the first quarter. Titus Wealth Management now owns 6,604 shares of the company’s stock valued at $483,000 after buying an additional 150 shares during the last quarter. Joseph P. Lucia & Associates LLC increased its holdings in First Trust IndXX NextG ETF by 10.6% in the second quarter. Joseph P. Lucia & Associates LLC now owns 2,042 shares of the company’s stock valued at $156,000 after buying an additional 195 shares during the last quarter. EPG Wealth Management LLC increased its holdings in First Trust IndXX NextG ETF by 6.9% in the first quarter. EPG Wealth Management LLC now owns 3,107 shares of the company’s stock valued at $227,000 after buying an additional 200 shares during the last quarter. Baird Financial Group Inc. increased its holdings in First Trust IndXX NextG ETF by 1.8% in the second quarter. Baird Financial Group Inc. now owns 11,770 shares of the company’s stock valued at $898,000 after buying an additional 210 shares during the last quarter. Finally, Kovack Advisors Inc. increased its holdings in First Trust IndXX NextG ETF by 3.9% in the second quarter. Kovack Advisors Inc. now owns 6,771 shares of the company’s stock valued at $517,000 after buying an additional 253 shares during the last quarter.

Shares of First Trust IndXX NextG ETF stock traded down $0.60 during trading hours on Friday, reaching $79.03. 30,204 shares of the company were exchanged, compared to its average volume of 47,997. First Trust IndXX NextG ETF has a 1 year low of $56.84 and a 1 year high of $80.47. The stock’s fifty day moving average is $77.71 and its 200 day moving average is $75.28.

See Also: What is the significance of the death cross?

Receive News & Ratings for First Trust IndXX NextG ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Trust IndXX NextG ETF and related companies with MarketBeat.com's FREE daily email newsletter.