First Trust Indxx NextG ETF (NASDAQ:NXTG) Short Interest Up 2,209.5% in August

First Trust Indxx NextG ETF (NASDAQ:NXTG) was the target of a significant increase in short interest in August. As of August 31st, there was short interest totaling 970 shares, an increase of 2,209.5% from the August 15th total of 42 shares. Approximately 0.0% of the company’s stock are sold short. Based on an average daily volume of 5,694 shares, the days-to-cover ratio is currently 0.2 days.

Hedge Funds Weigh In On First Trust Indxx NextG ETF

Several hedge funds have recently modified their holdings of NXTG. Raymond James Financial Inc. increased 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 acquiring an additional 46,139 shares during the last quarter. Royal Bank of Canada boosted its position in First Trust Indxx NextG ETF by 19.8% during the first quarter. Royal Bank of Canada now owns 79,842 shares of the company’s stock valued at $8,936,000 after purchasing an additional 13,201 shares during the last quarter. Bank of America Corp DE grew its stake 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 purchasing an additional 8,095 shares in the last quarter. Kestra Advisory Services LLC grew its stake in First Trust Indxx NextG ETF by 1.1% in the first quarter. Kestra Advisory Services LLC now owns 64,687 shares of the company’s stock valued at $7,240,000 after purchasing an additional 681 shares in the last quarter. Finally, Susquehanna International Group LLP grew its stake in First Trust Indxx NextG ETF by 183.1% in 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 in the last quarter.

First Trust Indxx NextG ETF Trading Up 2.3%

Shares of NXTG opened at $155.96 on Friday. The stock has a market capitalization of $577.05 million, a price-to-earnings ratio of 22.81 and a beta of 1.04. First Trust Indxx NextG ETF has a 12 month low of $101.01 and a 12 month high of $167.58. The firm has a fifty day simple moving average of $150.20 and a 200 day simple moving average of $140.06.

First Trust Indxx NextG ETF Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a dividend of $0.5768 per share. This is a boost from First Trust Indxx NextG ETF’s previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $2.31 annualized dividend and a yield of 1.5%.

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.