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

First Trust Indxx NextG ETF (NASDAQ:NXTG) saw a significant growth in short interest in the month of April. As of April 30th, there was short interest totaling 1,557 shares, a growth of 182.6% from the April 15th total of 551 shares. Approximately 0.0% of the shares of the company are sold short. Based on an average daily volume of 7,880 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On First Trust Indxx NextG ETF

Several large investors have recently modified their holdings of the stock. Gateway Wealth Partners LLC bought a new position in shares of First Trust Indxx NextG ETF in the first quarter valued at about $370,000. Parallel Advisors LLC bought a new position in shares of First Trust Indxx NextG ETF in the first quarter valued at about $49,000. Independent Financial Group LLC bought a new position in First Trust Indxx NextG ETF during the first quarter worth about $2,080,000. Sanctuary Advisors LLC increased its position in First Trust Indxx NextG ETF by 3.5% during the first quarter. Sanctuary Advisors LLC now owns 10,239 shares of the company’s stock worth $1,146,000 after acquiring an additional 346 shares during the period. Finally, Fifth Third Bancorp bought a new position in First Trust Indxx NextG ETF during the first quarter worth about $107,000.

First Trust Indxx NextG ETF Stock Down 2.5%

Shares of NXTG traded down $3.69 during trading hours on Friday, hitting $143.18. The company had a trading volume of 3,048 shares, compared to its average volume of 7,627. The firm has a market cap of $529.77 million, a price-to-earnings ratio of 22.81 and a beta of 0.99. The business has a fifty day moving average of $123.60 and a 200-day moving average of $115.22. First Trust Indxx NextG ETF has a 12 month low of $90.37 and a 12 month high of $147.50.

First Trust Indxx NextG ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th were given a $0.2317 dividend. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.93 annualized dividend and a dividend yield of 0.6%.

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.