First Trust Indxx NextG ETF (NASDAQ:NXTG) Short Interest Update

First Trust Indxx NextG ETF (NASDAQ:NXTG) was the target of a significant decline in short interest in the month of May. As of May 29th, there was short interest totaling 1,320 shares, a decline of 66.8% from the May 14th total of 3,974 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily volume of 8,991 shares, the short-interest ratio is currently 0.1 days.

First Trust Indxx NextG ETF Price Performance

Shares of NXTG traded up $0.71 on Friday, reaching $155.84. 59,887 shares of the stock traded hands, compared to its average volume of 9,538. The firm has a market cap of $576.61 million, a price-to-earnings ratio of 22.81 and a beta of 1.03. First Trust Indxx NextG ETF has a 12 month low of $93.38 and a 12 month high of $167.58. The stock’s 50-day moving average price is $139.81 and its 200-day moving average price is $121.79.

First Trust Indxx NextG ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a dividend of $0.2317 per share. The ex-dividend date was Thursday, March 26th. This represents a $0.93 dividend on an annualized basis and a dividend yield of 0.6%.

Hedge Funds Weigh In On First Trust Indxx NextG ETF

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Stephens Inc. AR boosted its stake in First Trust Indxx NextG ETF by 1.3% in the first quarter. Stephens Inc. AR now owns 6,729 shares of the company’s stock worth $753,000 after purchasing an additional 87 shares in the last quarter. NewEdge Advisors LLC lifted its stake in shares of First Trust Indxx NextG ETF by 0.4% during the first quarter. NewEdge Advisors LLC now owns 19,907 shares of the company’s stock valued at $2,228,000 after acquiring an additional 87 shares during the period. J.W. Cole Advisors Inc. lifted its stake in shares of First Trust Indxx NextG ETF by 1.4% during the fourth quarter. J.W. Cole Advisors Inc. now owns 8,063 shares of the company’s stock valued at $869,000 after acquiring an additional 111 shares during the period. Private Advisor Group LLC lifted its stake in shares of First Trust Indxx NextG ETF by 0.7% during the third quarter. Private Advisor Group LLC now owns 20,852 shares of the company’s stock valued at $2,160,000 after acquiring an additional 147 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of First Trust Indxx NextG ETF by 16.9% during the second quarter. JPMorgan Chase & Co. now owns 1,170 shares of the company’s stock valued at $114,000 after acquiring an additional 169 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.