Short Interest in First Trust Indxx NextG ETF (NASDAQ:NXTG) Grows By 20.0%

First Trust Indxx NextG ETF (NASDAQ:NXTG) saw a significant increase in short interest during the month of February. As of February 15th, there was short interest totalling 1,800 shares, an increase of 20.0% from the January 31st total of 1,500 shares. Based on an average daily trading volume, of 9,900 shares, the days-to-cover ratio is presently 0.2 days.

First Trust Indxx NextG ETF Price Performance

First Trust Indxx NextG ETF stock traded down $1.15 during trading hours on Thursday, hitting $86.94. 6,104 shares of the stock traded hands, compared to its average volume of 8,109. The firm’s 50 day moving average price is $87.28 and its 200-day moving average price is $86.44. First Trust Indxx NextG ETF has a 1 year low of $73.37 and a 1 year high of $91.29. The stock has a market capitalization of $369.50 million, a price-to-earnings ratio of 22.73 and a beta of 0.89.

First Trust Indxx NextG ETF Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.4269 per share. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Investors Weigh In On First Trust Indxx NextG ETF

Hedge funds and other institutional investors have recently bought and sold shares of the company. First Horizon Advisors Inc. purchased a new stake in shares of First Trust Indxx NextG ETF in the 3rd quarter valued at approximately $44,000. Spire Wealth Management purchased a new position in First Trust Indxx NextG ETF in the fourth quarter worth approximately $151,000. Riverchase Wealth Management LLC acquired a new stake in First Trust Indxx NextG ETF during the fourth quarter worth $275,000. Ashton Thomas Private Wealth LLC raised its position in First Trust Indxx NextG ETF by 7.9% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 3,588 shares of the company’s stock valued at $306,000 after purchasing an additional 263 shares during the period. Finally, Morey & Quinn Wealth Partners LLC acquired a new position in shares of First Trust Indxx NextG ETF in the 4th quarter valued at $410,000.

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.