First Trust Indxx NextG ETF (NASDAQ:NXTG) Sees Large Increase in Short Interest

First Trust Indxx NextG ETF (NASDAQ:NXTG) was the target of a significant growth in short interest during the month of July. As of July 31st, there was short interest totaling 105 shares, a growth of 452.6% from the July 15th total of 19 shares. Based on an average daily volume of 10,667 shares, the days-to-cover ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Investors Weigh In On First Trust Indxx NextG ETF

Institutional investors and hedge funds have recently made changes to their positions in the company. Russell Investments Group Ltd. raised its position in shares of First Trust Indxx NextG ETF by 1,966.7% during the third quarter. Russell Investments Group Ltd. now owns 248 shares of the company’s stock worth $26,000 after acquiring an additional 236 shares during the last quarter. Parallel Advisors LLC bought a new position in First Trust Indxx NextG ETF in the first quarter valued at about $49,000. Arax Advisory Partners bought a new position in First Trust Indxx NextG ETF in the fourth quarter valued at about $53,000. Geneos Wealth Management Inc. increased its position 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. Finally, Fifth Third Bancorp acquired a new stake in First Trust Indxx NextG ETF in the first quarter worth about $107,000.

First Trust Indxx NextG ETF Trading Up 1.7%

Shares of First Trust Indxx NextG ETF stock traded up $2.60 during midday trading on Wednesday, reaching $154.52. The company had a trading volume of 939 shares, compared to its average volume of 9,936. The stock has a fifty day simple moving average of $150.94 and a 200 day simple moving average of $134.21. First Trust Indxx NextG ETF has a 1-year low of $97.94 and a 1-year high of $167.58. The company has a market capitalization of $571.72 million, a price-to-earnings ratio of 22.81 and a beta of 1.04.

First Trust Indxx NextG ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a $0.5768 dividend. This represents a $2.31 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Thursday, June 25th. This is a positive change from First Trust Indxx NextG ETF’s previous quarterly dividend of $0.23.

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.