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

First Trust Indxx NextG ETF (NASDAQ:NXTG) saw a large increase in short interest in August. As of August 31st, there was short interest totalling 500 shares, an increase of 400.0% from the August 15th total of 100 shares. Based on an average daily volume of 8,000 shares, the short-interest ratio is presently 0.1 days.

Hedge Funds Weigh In On First Trust Indxx NextG ETF

Several large investors have recently bought and sold shares of NXTG. Benjamin F. Edwards & Company Inc. lifted its stake in First Trust Indxx NextG ETF by 37.5% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 55,303 shares of the company’s stock valued at $4,383,000 after acquiring an additional 15,080 shares in the last quarter. Cetera Investment Advisers lifted its stake in First Trust Indxx NextG ETF by 63.0% during the 1st quarter. Cetera Investment Advisers now owns 33,208 shares of the company’s stock valued at $2,632,000 after acquiring an additional 12,833 shares in the last quarter. International Assets Investment Management LLC bought a new position in First Trust Indxx NextG ETF during the 4th quarter valued at $729,000. Sanctuary Advisors LLC purchased a new stake in shares of First Trust Indxx NextG ETF during the 2nd quarter valued at $658,000. Finally, Cetera Advisors LLC purchased a new stake in shares of First Trust Indxx NextG ETF during the 1st quarter valued at $483,000.

First Trust Indxx NextG ETF Trading Up 0.4 %

Shares of NXTG traded up $0.30 during trading hours on Thursday, reaching $85.35. The stock had a trading volume of 2,432 shares, compared to its average volume of 8,796. First Trust Indxx NextG ETF has a 12 month low of $64.46 and a 12 month high of $86.18. The firm has a 50-day simple moving average of $83.48 and a 200 day simple moving average of $80.47. The company has a market capitalization of $388.34 million, a price-to-earnings ratio of 18.31 and a beta of 0.89.

First Trust Indxx NextG ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Thursday, June 27th were paid a dividend of $0.4134 per share. This represents a $1.65 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend was Thursday, June 27th.

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.