Short Interest in First Trust Indxx NextG ETF (NASDAQ:NXTG) Decreases By 66.8%

First Trust Indxx NextG ETF (NASDAQ:NXTG) saw a significant drop in short interest in the month of May. As of May 29th, there was short interest totaling 1,320 shares, a drop of 66.8% from the May 14th total of 3,974 shares. Based on an average daily trading volume, of 8,991 shares, the days-to-cover ratio is currently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

First Trust Indxx NextG ETF Price Performance

Shares of NXTG opened at $148.40 on Thursday. First Trust Indxx NextG ETF has a one year low of $93.38 and a one year high of $167.58. The company has a 50-day moving average of $138.09 and a two-hundred day moving average of $121.17. The stock has a market cap of $549.08 million, a price-to-earnings ratio of 22.81 and a beta of 1.03.

First Trust Indxx NextG ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were issued a $0.2317 dividend. This represents a $0.93 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Thursday, March 26th.

Institutional Trading of First Trust Indxx NextG ETF

A number of hedge funds have recently made changes to their positions in NXTG. Raymond James Financial Inc. lifted 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 worth $13,490,000 after purchasing an additional 46,139 shares in the last quarter. Susquehanna International Group LLP raised its position in shares of 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 during the period. Independent Financial Group LLC bought a new position in shares of First Trust Indxx NextG ETF in the first quarter valued at approximately $2,080,000. Cerity Partners LLC bought a new position in shares of First Trust Indxx NextG ETF in the fourth quarter valued at approximately $1,778,000. Finally, Citadel Advisors LLC bought a new position in First Trust Indxx NextG ETF during the third quarter worth $1,612,000.

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.