First Trust Indxx NextG ETF (NASDAQ:NXTG) Short Interest Down 83.9% in June

First Trust Indxx NextG ETF (NASDAQ:NXTG) was the target of a large decrease in short interest during the month of June. As of June 30th, there was short interest totaling 4,574 shares, a decrease of 83.9% from the June 15th total of 28,385 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 12,840 shares, the short-interest ratio is currently 0.4 days.

First Trust Indxx NextG ETF Stock Up 0.6%

NXTG stock traded up $0.84 during midday trading on Friday, reaching $152.01. 2,699 shares of the company’s stock traded hands, compared to its average volume of 9,892. The company has a 50-day simple moving average of $151.30 and a two-hundred day simple moving average of $128.22. First Trust Indxx NextG ETF has a 1-year low of $95.47 and a 1-year high of $167.58. The company has a market cap of $562.44 million, a price-to-earnings ratio of 22.81 and a beta of 1.03.

First Trust Indxx NextG ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders 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.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. increased its position in First Trust Indxx NextG ETF by 54.9% in the 3rd quarter. Raymond James Financial Inc. now owns 130,229 shares of the company’s stock valued at $13,490,000 after acquiring an additional 46,139 shares in the last quarter. Susquehanna International Group LLP grew its stake in shares of First Trust Indxx NextG ETF by 183.1% during the third quarter. Susquehanna International Group LLP now owns 43,995 shares of the company’s stock valued at $4,557,000 after purchasing an additional 28,455 shares during the last quarter. Independent Financial Group LLC bought a new stake in shares of First Trust Indxx NextG ETF during the first quarter valued at approximately $2,080,000. Cerity Partners LLC bought a new stake in shares of First Trust Indxx NextG ETF during the fourth quarter valued at approximately $1,778,000. Finally, Citadel Advisors LLC acquired a new stake in shares of First Trust Indxx NextG ETF in the third quarter valued at approximately $1,612,000.

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.