First Trust Indxx NextG ETF (NASDAQ:NXTG) Short Interest Down 44.4% in March

First Trust Indxx NextG ETF (NASDAQ:NXTG) saw a large decline in short interest during the month of March. As of March 15th, there was short interest totalling 1,000 shares, a decline of 44.4% from the February 29th total of 1,800 shares. Based on an average trading volume of 10,600 shares, the short-interest ratio is currently 0.1 days.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC bought a new stake in First Trust Indxx NextG ETF in the 4th quarter worth approximately $55,941,000. Jane Street Group LLC bought a new position in First Trust Indxx NextG ETF in the first quarter valued at about $4,993,000. Mariner LLC boosted its position in First Trust Indxx NextG ETF by 85.7% in the fourth quarter. Mariner LLC now owns 60,763 shares of the company’s stock worth $3,706,000 after purchasing an additional 28,044 shares during the last quarter. Susquehanna International Group LLP grew its stake in shares of First Trust Indxx NextG ETF by 126.1% during the 1st quarter. Susquehanna International Group LLP now owns 47,853 shares of the company’s stock valued at $3,325,000 after purchasing an additional 26,685 shares during the period. Finally, Citadel Advisors LLC purchased a new stake in shares of First Trust Indxx NextG ETF during the 3rd quarter valued at about $1,133,000.

First Trust Indxx NextG ETF Trading Up 0.2 %

NXTG stock traded up $0.12 during midday trading on Thursday, hitting $79.25. The company’s stock had a trading volume of 2,164 shares, compared to its average volume of 10,293. The company has a market cap of $408.14 million, a PE ratio of 15.60 and a beta of 0.89. The firm’s 50-day moving average is $77.45 and its 200-day moving average is $73.33. First Trust Indxx NextG ETF has a 12 month low of $64.46 and a 12 month high of $81.22.

First Trust Indxx NextG ETF Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 28th. Stockholders of record on Friday, March 22nd will be issued a dividend of $0.044 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.22%. The ex-dividend date of this dividend is Thursday, March 21st.

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.