Short Interest in First Trust Indxx NextG ETF (NASDAQ:NXTG) Decreases By 99.6%

First Trust Indxx NextG ETF (NASDAQ:NXTG) saw a significant decline in short interest in July. As of July 15th, there was short interest totaling 19 shares, a decline of 99.6% from the June 30th total of 4,574 shares. Approximately 0.0% of the shares of the stock are short sold. Based on an average trading volume of 13,606 shares, the short-interest ratio is currently 0.0 days.

Hedge Funds Weigh In On First Trust Indxx NextG ETF

A number of large investors have recently modified their holdings of NXTG. Western Wealth Management LLC purchased a new stake in shares of First Trust Indxx NextG ETF in the 1st quarter valued at $154,000. Parallel Advisors LLC bought a new stake in shares of First Trust Indxx NextG ETF in the 1st quarter worth approximately $49,000. NewEdge Advisors LLC increased its position in First Trust Indxx NextG ETF by 0.4% during the 1st quarter. NewEdge Advisors LLC now owns 19,907 shares of the company’s stock valued at $2,228,000 after purchasing an additional 87 shares during the period. Bank of America Corp DE increased its position in shares of First Trust Indxx NextG ETF by 2.6% during the first 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 during the period. Finally, Royal Bank of Canada grew its holdings 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 worth $8,936,000 after acquiring an additional 13,201 shares during the period.

First Trust Indxx NextG ETF Stock Performance

First Trust Indxx NextG ETF stock opened at $145.04 on Friday. The stock has a market cap of $536.65 million, a P/E ratio of 22.81 and a beta of 1.03. The firm’s fifty day moving average price is $152.03 and its 200-day moving average price is $130.91. First Trust Indxx NextG ETF has a fifty-two week low of $95.47 and a fifty-two week high of $167.58.

First Trust Indxx NextG ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $0.5768 dividend. This represents a $2.31 annualized dividend and a dividend yield of 1.6%. This is a positive change from First Trust Indxx NextG ETF’s previous quarterly dividend of $0.23. The ex-dividend date was Thursday, June 25th.

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.