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

First Trust Indxx NextG ETF (NASDAQ:NXTG) was the recipient of a large increase in short interest in the month of August. As of August 31st, there was short interest totaling 970 shares, an increase of 2,209.5% from the August 15th total of 42 shares. Based on an average trading volume of 5,694 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

First Trust Indxx NextG ETF Trading Down 1.0%

Shares of NXTG traded down $1.59 during trading hours on Thursday, reaching $152.57. 1,717 shares of the stock traded hands, compared to its average volume of 9,472. The company has a market cap of $564.51 million, a price-to-earnings ratio of 22.81 and a beta of 1.04. The stock has a fifty day simple moving average of $150.03 and a 200 day simple moving average of $139.95. First Trust Indxx NextG ETF has a 52 week low of $101.01 and a 52 week high of $167.58.

First Trust Indxx NextG ETF Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. lifted its position in First Trust Indxx NextG ETF by 54.9% during the third quarter. Raymond James Financial Inc. now owns 130,229 shares of the company’s stock valued at $13,490,000 after acquiring an additional 46,139 shares during the last quarter. Susquehanna International Group LLP increased its position in shares of First Trust Indxx NextG ETF by 183.1% during the 3rd quarter. Susquehanna International Group LLP now owns 43,995 shares of the company’s stock worth $4,557,000 after purchasing an additional 28,455 shares during the last quarter. Independent Financial Group LLC acquired a new position in First Trust Indxx NextG ETF in the 1st quarter valued at about $2,080,000. Cerity Partners LLC purchased a new stake in shares of First Trust Indxx NextG ETF during the fourth quarter worth approximately $1,778,000. Finally, Citadel Advisors LLC purchased a new position in First Trust Indxx NextG ETF in the third quarter valued at approximately $1,612,000.

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.