First Trust Indxx NextG ETF (NASDAQ:NXTG) Short Interest Down 99.6% in July

First Trust Indxx NextG ETF (NASDAQ:NXTG) was the target of a significant drop in short interest in the month of July. As of July 15th, there was short interest totaling 19 shares, a drop of 99.6% from the June 30th total of 4,574 shares. Currently, 0.0% of the company’s stock are short sold. Based on an average daily volume of 13,606 shares, the days-to-cover ratio is presently 0.0 days.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of NXTG. Raymond James Financial Inc. grew its position in shares of First Trust Indxx NextG ETF by 54.9% in the third quarter. Raymond James Financial Inc. now owns 130,229 shares of the company’s stock valued at $13,490,000 after purchasing an additional 46,139 shares during the last quarter. Susquehanna International Group LLP boosted its stake in 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 worth $4,557,000 after buying an additional 28,455 shares in the last quarter. Independent Financial Group LLC bought a new stake in First Trust Indxx NextG ETF in the first quarter valued at about $2,080,000. Cerity Partners LLC bought a new stake in First Trust Indxx NextG ETF in the fourth quarter valued at $1,778,000. Finally, Citadel Advisors LLC bought a new stake in shares of First Trust Indxx NextG ETF in the 3rd quarter worth about $1,612,000.

First Trust Indxx NextG ETF Stock Down 0.6%

Shares of NXTG traded down $0.87 during midday trading on Friday, reaching $145.04. 5,558 shares of the stock were exchanged, compared to its average volume of 10,108. The company has a market cap of $536.65 million, a price-to-earnings ratio of 22.81 and a beta of 1.03. The firm has a 50 day simple moving average of $152.03 and a 200-day simple moving average of $130.91. First Trust Indxx NextG ETF has a 12-month low of $95.47 and a 12-month high of $167.58.

First Trust Indxx NextG ETF Increases Dividend

The firm also recently disclosed 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 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend was Thursday, June 25th. This is a boost 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.