Short Interest in First Trust Indxx NextG ETF (NASDAQ:NXTG) Decreases By 83.9%

First Trust Indxx NextG ETF (NASDAQ:NXTG) was the recipient of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 4,574 shares, a decrease of 83.9% from the June 15th total of 28,385 shares. Currently, 0.1% of the shares of the company are sold short. Based on an average daily volume of 12,840 shares, the days-to-cover ratio is presently 0.4 days.

First Trust Indxx NextG ETF Stock Up 0.6%

First Trust Indxx NextG ETF stock traded up $0.84 during mid-day trading on Friday, reaching $152.01. The company had a trading volume of 2,699 shares, compared to its average volume of 9,892. The firm has a market cap of $562.44 million, a price-to-earnings ratio of 22.81 and a beta of 1.03. The company has a 50 day moving average of $151.30 and a 200-day moving average of $128.22. First Trust Indxx NextG ETF has a 52 week low of $95.47 and a 52 week high of $167.58.

First Trust Indxx NextG ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.5768 dividend. The ex-dividend date was Thursday, June 25th. This is a boost from First Trust Indxx NextG ETF’s previous quarterly dividend of $0.23. This represents a $2.31 annualized dividend and a dividend yield of 1.5%.

Hedge Funds Weigh In On First Trust Indxx NextG ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Western Wealth Management LLC bought a new stake in shares of First Trust Indxx NextG ETF in the 1st quarter worth approximately $154,000. Parallel Advisors LLC bought a new stake in shares of First Trust Indxx NextG ETF during the first quarter valued at approximately $49,000. NewEdge Advisors LLC raised its stake in shares of First Trust Indxx NextG ETF by 0.4% in the first quarter. NewEdge Advisors LLC now owns 19,907 shares of the company’s stock valued at $2,228,000 after purchasing an additional 87 shares in the last quarter. Bank of America Corp DE lifted its position in 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 worth $6,565,000 after purchasing an additional 1,462 shares during the period. Finally, Royal Bank of Canada lifted its position in First Trust Indxx NextG ETF by 19.8% in 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 period.

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.