Short Interest in First Trust Indxx NextG ETF (NASDAQ:NXTG) Drops By 60.0%

First Trust Indxx NextG ETF (NASDAQ:NXTG) was the recipient of a significant drop in short interest in the month of August. As of August 14th, there was short interest totaling 42 shares, a drop of 60.0% from the July 30th total of 105 shares. Currently, 0.0% of the shares of the company are sold short. Based on an average daily volume of 6,758 shares, the short-interest ratio is presently 0.0 days.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of NXTG. Russell Investments Group Ltd. lifted its holdings in First Trust Indxx NextG ETF by 1,966.7% in the third 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 period. Parallel Advisors LLC purchased a new position in shares of First Trust Indxx NextG ETF in the 1st quarter valued at about $49,000. Arax Advisory Partners purchased a new position in shares of First Trust Indxx NextG ETF in the 4th quarter valued at about $53,000. Geneos Wealth Management Inc. lifted its stake in shares of 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 valued at $63,000 after purchasing an additional 434 shares during the period. Finally, Highland Investment Advisors LLC acquired a new stake in shares of First Trust Indxx NextG ETF in the second quarter valued at about $107,000.

First Trust Indxx NextG ETF Stock Performance

NXTG traded down $0.98 during trading on Friday, reaching $151.91. The company’s stock had a trading volume of 4,829 shares, compared to its average volume of 9,689. The company’s fifty day moving average price is $149.95 and its 200-day moving average price is $137.58. First Trust Indxx NextG ETF has a 52-week low of $97.94 and a 52-week high of $167.58. The company has a market capitalization of $562.07 million, a price-to-earnings ratio of 22.81 and a beta of 1.04.

First Trust Indxx NextG ETF Increases Dividend

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

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.