Short Interest in First Trust Indxx NextG ETF (NASDAQ:NXTG) Increases By 2,050.4%

First Trust Indxx NextG ETF (NASDAQ:NXTG) was the target of a large growth in short interest during the month of June. As of June 15th, there was short interest totaling 28,385 shares, a growth of 2,050.4% from the May 31st total of 1,320 shares. Based on an average daily volume of 26,937 shares, the short-interest ratio is currently 1.1 days. Currently, 0.8% of the shares of the stock are short sold.

First Trust Indxx NextG ETF Price Performance

Shares of NXTG stock traded down $0.25 during trading hours on Thursday, hitting $153.71. The stock had a trading volume of 16,745 shares, compared to its average volume of 9,869. The stock has a market capitalization of $568.73 million, a price-to-earnings ratio of 22.81 and a beta of 1.03. First Trust Indxx NextG ETF has a one year low of $95.47 and a one year high of $167.58. The stock’s 50-day moving average price is $146.63 and its two-hundred day moving average price is $125.06.

First Trust Indxx NextG ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th will be paid a $0.5768 dividend. This represents a $2.31 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend is Thursday, June 25th. This is a positive change from First Trust Indxx NextG ETF’s previous quarterly dividend of $0.23.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Jane Street Group LLC increased its position in First Trust Indxx NextG ETF by 12.3% in the first quarter. Jane Street Group LLC now owns 9,558 shares of the company’s stock worth $811,000 after purchasing an additional 1,047 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of First Trust Indxx NextG ETF by 16.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,170 shares of the company’s stock worth $114,000 after buying an additional 169 shares in the last quarter. Bank of America Corp DE grew its stake in shares of First Trust Indxx NextG ETF by 12.5% in the 2nd quarter. Bank of America Corp DE now owns 73,111 shares of the company’s stock worth $7,113,000 after buying an additional 8,095 shares in the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of First Trust Indxx NextG ETF by 200.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 651 shares of the company’s stock worth $63,000 after buying an additional 434 shares during the last quarter. Finally, Envestnet Asset Management Inc. increased its holdings in shares of First Trust Indxx NextG ETF by 50.0% in the 3rd quarter. Envestnet Asset Management Inc. now owns 19,853 shares of the company’s stock worth $2,056,000 after buying an additional 6,619 shares during the last quarter.

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.