Short Interest in First Trust Indxx NextG ETF (NASDAQ:NXTG) Rises By 2,050.4%

First Trust Indxx NextG ETF (NASDAQ:NXTG) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 28,385 shares, a growth of 2,050.4% from the May 31st total of 1,320 shares. Currently, 0.8% of the shares of the company are short sold. Based on an average daily volume of 26,937 shares, the short-interest ratio is presently 1.1 days.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of NXTG. Russell Investments Group Ltd. grew its stake in shares of First Trust Indxx NextG ETF by 1,966.7% during the 3rd quarter. Russell Investments Group Ltd. now owns 248 shares of the company’s stock worth $26,000 after purchasing an additional 236 shares during the period. Parallel Advisors LLC acquired a new position in shares of First Trust Indxx NextG ETF in the 1st quarter valued at $49,000. Arax Advisory Partners purchased a new stake in First Trust Indxx NextG ETF during the fourth quarter worth $53,000. Geneos Wealth Management Inc. boosted its holdings in First Trust Indxx NextG ETF by 200.0% during the second quarter. Geneos Wealth Management Inc. now owns 651 shares of the company’s stock worth $63,000 after buying an additional 434 shares in the last quarter. Finally, Sound Income Strategies LLC acquired a new stake in First Trust Indxx NextG ETF during the fourth quarter valued at $102,000.

First Trust Indxx NextG ETF Stock Down 0.2%

Shares of NXTG stock opened at $153.71 on Friday. The stock has a market cap of $568.73 million, a PE ratio of 22.81 and a beta of 1.03. The business has a 50-day simple moving average of $146.63 and a 200-day simple moving average of $125.06. First Trust Indxx NextG ETF has a 52-week low of $95.47 and a 52-week high of $167.58.

First Trust Indxx NextG ETF Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 25th will be given a dividend of $0.5768 per share. This is an increase from First Trust Indxx NextG ETF’s previous quarterly dividend of $0.23. This represents a $2.31 annualized dividend and a yield of 1.5%. The ex-dividend date is Thursday, June 25th.

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.