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

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

First Trust Indxx NextG ETF Price Performance

NASDAQ NXTG opened at $148.40 on Thursday. First Trust Indxx NextG ETF has a 12 month low of $93.38 and a 12 month high of $167.58. The company has a market capitalization of $549.08 million, a price-to-earnings ratio of 22.81 and a beta of 1.03. The company’s fifty day moving average price is $138.09 and its two-hundred day moving average price is $121.17.

First Trust Indxx NextG ETF Cuts Dividend

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

Institutional Trading of First Trust Indxx NextG ETF

Institutional investors and hedge funds have recently modified their holdings of the business. Parallel Advisors LLC acquired a new stake in shares of First Trust Indxx NextG ETF in the 1st quarter worth about $49,000. NewEdge Advisors LLC grew its position in First Trust Indxx NextG ETF by 0.4% in the 1st quarter. NewEdge Advisors LLC now owns 19,907 shares of the company’s stock valued at $2,228,000 after buying an additional 87 shares in the last quarter. Western Wealth Management LLC bought a new position in First Trust Indxx NextG ETF in the 1st quarter valued at about $154,000. Bank of America Corp DE grew its position in First Trust Indxx NextG ETF by 2.6% in the 1st quarter. Bank of America Corp DE now owns 58,654 shares of the company’s stock valued at $6,565,000 after buying an additional 1,462 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in shares of First Trust Indxx NextG ETF by 19.8% during the 1st 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 in the last quarter.

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.