First Trust Indxx NextG ETF (NASDAQ:NXTG) Short Interest Down 99.3% in January

First Trust Indxx NextG ETF (NASDAQ:NXTG) saw a large drop in short interest during the month of January. As of January 15th, there was short interest totaling 70 shares, a drop of 99.3% from the December 31st total of 9,535 shares. Based on an average daily trading volume, of 14,938 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.0% of the shares of the company are short sold. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 14,938 shares, the days-to-cover ratio is presently 0.0 days.

Hedge Funds Weigh In On First Trust Indxx NextG ETF

A number of institutional investors have recently modified their holdings of NXTG. Raymond James Financial Inc. boosted its stake 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 worth $13,490,000 after buying an additional 46,139 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in First Trust Indxx NextG ETF by 7.5% in the second quarter. Janney Montgomery Scott LLC now owns 77,071 shares of the company’s stock valued at $7,498,000 after acquiring an additional 5,388 shares during the period. Bank of America Corp DE lifted its holdings in First Trust Indxx NextG ETF by 12.5% in the second quarter. Bank of America Corp DE now owns 73,111 shares of the company’s stock valued at $7,113,000 after acquiring an additional 8,095 shares during the period. Susquehanna International Group LLP boosted its position in First Trust Indxx NextG ETF by 183.1% in the 3rd quarter. Susquehanna International Group LLP now owns 43,995 shares of the company’s stock worth $4,557,000 after purchasing an additional 28,455 shares in the last quarter. Finally, Flow Traders U.S. LLC grew its stake in shares of First Trust Indxx NextG ETF by 355.8% during the 2nd quarter. Flow Traders U.S. LLC now owns 38,567 shares of the company’s stock worth $3,752,000 after purchasing an additional 30,105 shares during the period.

First Trust Indxx NextG ETF Trading Down 0.6%

Shares of NXTG stock traded down $0.64 during trading hours on Thursday, hitting $114.97. The company’s stock had a trading volume of 9,055 shares, compared to its average volume of 11,098. The company has a 50 day moving average of $108.87 and a 200 day moving average of $104.88. The stock has a market cap of $431.14 million, a PE ratio of 22.81 and a beta of 0.89. First Trust Indxx NextG ETF has a 12-month low of $74.03 and a 12-month high of $115.69.

First Trust Indxx NextG ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a $0.5364 dividend. The ex-dividend date of this dividend was Friday, December 12th. This is a positive change from First Trust Indxx NextG ETF’s previous quarterly dividend of $0.50. This represents a $2.15 annualized dividend and a yield of 1.9%.

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.