Short Interest in First Trust Indxx NextG ETF (NASDAQ:NXTG) Decreases By 99.6%

First Trust Indxx NextG ETF (NASDAQ:NXTG) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 19 shares, a drop of 99.6% from the June 30th total of 4,574 shares. Based on an average trading volume of 13,606 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. lifted its position in shares of First Trust Indxx NextG ETF by 1,966.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 248 shares of the company’s stock valued at $26,000 after acquiring an additional 236 shares during the last quarter. Parallel Advisors LLC acquired a new position in shares of First Trust Indxx NextG ETF in the 1st quarter worth $49,000. Arax Advisory Partners acquired a new stake in shares of First Trust Indxx NextG ETF during the fourth quarter worth $53,000. Geneos Wealth Management Inc. raised its position in shares of First Trust Indxx NextG ETF by 200.0% during the second quarter. Geneos Wealth Management Inc. now owns 651 shares of the company’s stock worth $63,000 after purchasing an additional 434 shares during the period. Finally, Sound Income Strategies LLC purchased a new stake in shares of First Trust Indxx NextG ETF during the fourth quarter valued at $102,000.

First Trust Indxx NextG ETF Stock Down 0.6%

NASDAQ NXTG traded down $0.87 on Friday, hitting $145.04. The stock had a trading volume of 5,558 shares, compared to its average volume of 10,108. First Trust Indxx NextG ETF has a one year low of $95.47 and a one year high of $167.58. The stock has a market cap of $536.65 million, a price-to-earnings ratio of 22.81 and a beta of 1.03. The company’s 50-day moving average is $152.03 and its two-hundred day moving average is $130.91.

First Trust Indxx NextG ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $0.5768 dividend. The ex-dividend date was Thursday, June 25th. This represents a $2.31 annualized dividend and a yield of 1.6%. This is an increase from First Trust Indxx NextG ETF’s previous quarterly dividend of $0.23.

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.