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

First Trust Indxx NextG ETF (NASDAQ:NXTG) saw a large decline in short interest in the month of March. As of March 13th, there was short interest totaling 146 shares, a decline of 48.8% from the February 26th total of 285 shares. Based on an average daily trading volume, of 3,367 shares, the days-to-cover ratio is currently 0.0 days. Currently, 0.0% of the company’s shares are short sold.

First Trust Indxx NextG ETF Stock Down 1.0%

NASDAQ NXTG traded down $1.13 during trading hours on Friday, hitting $109.82. The company’s stock had a trading volume of 10,655 shares, compared to its average volume of 7,269. First Trust Indxx NextG ETF has a twelve month low of $74.03 and a twelve month high of $120.82. The firm has a market capitalization of $411.83 million, a P/E ratio of 22.81 and a beta of 0.89. The stock has a fifty day moving average of $115.38 and a 200 day moving average of $109.78.

First Trust Indxx NextG ETF Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th will be given a $0.2317 dividend. This represents a $0.93 annualized dividend and a dividend yield of 0.8%. The ex-dividend date is Thursday, March 26th.

Hedge Funds Weigh In On First Trust Indxx NextG ETF

Several institutional investors have recently modified their holdings of the stock. Russell Investments Group Ltd. increased its stake in shares of First Trust Indxx NextG ETF by 1,966.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 248 shares of the company’s stock valued at $26,000 after acquiring an additional 236 shares during the last quarter. Arax Advisory Partners acquired a new position in First Trust Indxx NextG ETF during the fourth quarter valued at approximately $53,000. Geneos Wealth Management Inc. raised its holdings in First Trust Indxx NextG ETF by 200.0% in the second quarter. Geneos Wealth Management Inc. now owns 651 shares of the company’s stock worth $63,000 after purchasing an additional 434 shares during the period. Sound Income Strategies LLC acquired a new position in shares of First Trust Indxx NextG ETF in the 4th quarter valued at $102,000. Finally, JPMorgan Chase & Co. increased its position in shares of First Trust Indxx NextG ETF by 16.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,170 shares of the company’s stock valued at $114,000 after buying an additional 169 shares in the last quarter.

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.