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

First Trust Indxx NextG ETF (NASDAQ:NXTG) saw a large drop in short interest in December. As of December 15th, there was short interest totaling 28 shares, a drop of 94.9% from the November 30th total of 551 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 5,210 shares, the short-interest ratio is presently 0.0 days. Based on an average daily volume of 5,210 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the company’s stock are short sold.

Institutional Investors Weigh In On First Trust Indxx NextG ETF

Institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. increased its holdings in First Trust Indxx NextG ETF by 54.9% in the third quarter. Raymond James Financial Inc. now owns 130,229 shares of the company’s stock valued at $13,490,000 after buying an additional 46,139 shares during the last quarter. Janney Montgomery Scott LLC boosted its position in shares of First Trust Indxx NextG ETF by 7.5% during the 2nd quarter. Janney Montgomery Scott LLC now owns 77,071 shares of the company’s stock worth $7,498,000 after acquiring an additional 5,388 shares in the last quarter. Bank of America Corp DE boosted its position in shares of First Trust Indxx NextG ETF by 12.5% during the 2nd quarter. Bank of America Corp DE now owns 73,111 shares of the company’s stock worth $7,113,000 after acquiring an additional 8,095 shares in the last quarter. Susquehanna International Group LLP increased its holdings in shares of First Trust Indxx NextG ETF by 183.1% in the 3rd quarter. Susquehanna International Group LLP now owns 43,995 shares of the company’s stock valued at $4,557,000 after acquiring an additional 28,455 shares during the last quarter. Finally, Flow Traders U.S. LLC raised its position in shares of First Trust Indxx NextG ETF by 355.8% during the 2nd quarter. Flow Traders U.S. LLC now owns 38,567 shares of the company’s stock worth $3,752,000 after acquiring an additional 30,105 shares in the last quarter.

First Trust Indxx NextG ETF Price Performance

Shares of First Trust Indxx NextG ETF stock traded up $0.15 on Wednesday, reaching $107.91. 478 shares of the company were exchanged, compared to its average volume of 7,567. The stock’s 50 day moving average price is $107.16 and its 200-day moving average price is $102.23. First Trust Indxx NextG ETF has a 1-year low of $74.03 and a 1-year high of $111.54. The company has a market cap of $426.22 million, a P/E ratio of 22.81 and a beta of 0.89.

First Trust Indxx NextG ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be given a $0.5364 dividend. The ex-dividend date of this dividend is Friday, December 12th. This represents a $2.15 dividend on an annualized basis and a dividend yield of 2.0%. This is a boost from First Trust Indxx NextG ETF’s previous quarterly dividend of $0.50.

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.