First Trust Indxx NextG ETF (NASDAQ:NXTG) Sees Significant Decrease in Short Interest

First Trust Indxx NextG ETF (NASDAQ:NXTG) saw a large decrease in short interest in March. As of March 15th, there was short interest totalling 1,800 shares, a decrease of 18.2% from the February 28th total of 2,200 shares. Based on an average daily trading volume, of 9,600 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.0% of the shares of the stock are sold short.

Institutional Investors Weigh In On First Trust Indxx NextG ETF

A number of institutional investors and hedge funds have recently modified their holdings of NXTG. Raymond James Financial Inc. bought a new stake in shares of First Trust Indxx NextG ETF during the 4th quarter valued at $7,067,000. Wells Fargo & Company MN lifted its stake in First Trust Indxx NextG ETF by 4.1% in the fourth quarter. Wells Fargo & Company MN now owns 71,405 shares of the company’s stock valued at $6,090,000 after buying an additional 2,819 shares during the period. Bank of America Corp DE boosted its holdings in First Trust Indxx NextG ETF by 1.8% during the fourth quarter. Bank of America Corp DE now owns 64,299 shares of the company’s stock worth $5,484,000 after buying an additional 1,106 shares during the last quarter. Benjamin Edwards Inc. bought a new stake in shares of First Trust Indxx NextG ETF in the 3rd quarter valued at about $4,600,000. Finally, Susquehanna International Group LLP raised its position in shares of First Trust Indxx NextG ETF by 956.0% in the 4th quarter. Susquehanna International Group LLP now owns 43,907 shares of the company’s stock valued at $3,745,000 after acquiring an additional 39,749 shares during the period.

First Trust Indxx NextG ETF Price Performance

NASDAQ NXTG opened at $85.33 on Thursday. The firm has a market cap of $345.59 million, a PE ratio of 21.42 and a beta of 0.89. The stock’s 50 day simple moving average is $87.61 and its 200 day simple moving average is $86.68. First Trust Indxx NextG ETF has a one year low of $73.37 and a one year high of $91.29.

First Trust Indxx NextG ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a dividend of $0.0804 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.38%. The ex-dividend date was Thursday, March 27th.

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.