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

First Trust Indxx NextG ETF (NASDAQ:NXTG) was the target of a significant decrease in short interest during the month of January. As of January 31st, there was short interest totalling 1,500 shares, a decrease of 37.5% from the January 15th total of 2,400 shares. Based on an average daily volume of 9,700 shares, the short-interest ratio is currently 0.2 days.

First Trust Indxx NextG ETF Price Performance

Shares of NASDAQ NXTG opened at $88.81 on Thursday. The stock has a market capitalization of $377.42 million, a PE ratio of 18.31 and a beta of 0.89. First Trust Indxx NextG ETF has a one year low of $73.37 and a one year high of $88.96. The business’s fifty day moving average price is $86.48 and its 200-day moving average price is $85.62.

First Trust Indxx NextG ETF Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a dividend of $0.4269 per share. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Wells Fargo & Company MN lifted its position in shares of First Trust Indxx NextG ETF by 4.1% during the fourth quarter. Wells Fargo & Company MN now owns 71,405 shares of the company’s stock worth $6,090,000 after acquiring an additional 2,819 shares in the last quarter. Riverchase Wealth Management LLC purchased a new position in shares of First Trust Indxx NextG ETF in the fourth quarter valued at $275,000. Morey & Quinn Wealth Partners LLC bought a new stake in shares of First Trust Indxx NextG ETF during the 4th quarter valued at $410,000. Creative Financial Designs Inc. ADV lifted its holdings in First Trust Indxx NextG ETF by 4.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 7,915 shares of the company’s stock worth $675,000 after purchasing an additional 356 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC boosted its stake in First Trust Indxx NextG ETF by 7.9% in the 4th quarter. Ashton Thomas Private Wealth LLC now owns 3,588 shares of the company’s stock worth $306,000 after purchasing an additional 263 shares during the period.

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.