First Trust Indxx NextG ETF (NASDAQ:NXTG) Short Interest Update

First Trust Indxx NextG ETF (NASDAQ:NXTG) saw a large decrease in short interest during the month of February. As of February 13th, there was short interest totaling 296 shares, a decrease of 95.6% from the January 29th total of 6,782 shares. Based on an average trading volume of 4,747 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the shares of the stock are short sold. Currently, 0.0% of the shares of the stock are short sold. Based on an average trading volume of 4,747 shares, the days-to-cover ratio is currently 0.1 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of NXTG. Envestnet Asset Management Inc. increased its holdings in shares of First Trust Indxx NextG ETF by 7.7% in the 2nd quarter. Envestnet Asset Management Inc. now owns 13,234 shares of the company’s stock valued at $1,288,000 after purchasing an additional 944 shares during the period. Prospera Financial Services Inc boosted its holdings in shares of First Trust Indxx NextG ETF by 58.7% during the second quarter. Prospera Financial Services Inc now owns 10,415 shares of the company’s stock worth $1,016,000 after purchasing an additional 3,851 shares during the period. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of First Trust Indxx NextG ETF during the third quarter worth approximately $549,000. Rockefeller Capital Management L.P. purchased a new position in First Trust Indxx NextG ETF during the second quarter valued at approximately $1,094,000. Finally, Flow Traders U.S. LLC grew its position in First Trust Indxx NextG ETF by 355.8% during the second quarter. Flow Traders U.S. LLC now owns 38,567 shares of the company’s stock valued at $3,752,000 after purchasing an additional 30,105 shares in the last quarter.

First Trust Indxx NextG ETF Stock Performance

Shares of NASDAQ:NXTG traded up $1.24 during trading hours on Wednesday, hitting $120.82. 3,530 shares of the company’s stock traded hands, compared to its average volume of 7,947. The company’s fifty day simple moving average is $112.78 and its two-hundred day simple moving average is $107.55. The company has a market cap of $453.08 million, a price-to-earnings ratio of 22.81 and a beta of 0.89. First Trust Indxx NextG ETF has a 52 week low of $74.03 and a 52 week high of $120.82.

First Trust Indxx NextG ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Investors of record on Friday, December 12th were issued a dividend of $0.5364 per share. The ex-dividend date 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 dividend on an annualized basis and a yield of 1.8%.

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.