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

First Trust Indxx NextG ETF (NASDAQ:NXTG) saw a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 105 shares, a growth of 452.6% from the July 15th total of 19 shares. Based on an average trading volume of 10,667 shares, the short-interest ratio is presently 0.0 days. Approximately 0.0% of the shares of the stock are short sold.

Institutional Trading of First Trust Indxx NextG ETF

Several large investors have recently made changes to their positions in NXTG. Russell Investments Group Ltd. increased its stake in shares of First Trust Indxx NextG ETF by 1,966.7% in the third quarter. Russell Investments Group Ltd. now owns 248 shares of the company’s stock valued at $26,000 after buying an additional 236 shares in the last quarter. Parallel Advisors LLC bought a new stake in First Trust Indxx NextG ETF during the 1st quarter worth about $49,000. Arax Advisory Partners bought a new stake in First Trust Indxx NextG ETF during the 4th quarter worth about $53,000. Geneos Wealth Management Inc. increased its position in First Trust Indxx NextG ETF by 200.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 651 shares of the company’s stock valued at $63,000 after acquiring an additional 434 shares in the last quarter. Finally, Fifth Third Bancorp acquired a new stake in First Trust Indxx NextG ETF in the 1st quarter valued at about $107,000.

First Trust Indxx NextG ETF Price Performance

Shares of NXTG traded up $2.60 on Wednesday, hitting $154.52. The company’s stock had a trading volume of 939 shares, compared to its average volume of 9,936. The company has a market capitalization of $571.72 million, a PE ratio of 22.81 and a beta of 1.04. First Trust Indxx NextG ETF has a fifty-two week low of $97.94 and a fifty-two week high of $167.58. The company has a 50 day moving average price of $150.94 and a 200 day moving average price of $134.21.

First Trust Indxx NextG ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a $0.5768 dividend. This represents a $2.31 annualized dividend and a yield of 1.5%. The ex-dividend date was Thursday, June 25th. This is a positive change 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.