Short Interest in First Trust Indxx NextG ETF (NASDAQ:NXTG) Increases By 452.6%

First Trust Indxx NextG ETF (NASDAQ:NXTG) saw a large growth in short interest during the month of July. As of July 31st, there was short interest totaling 105 shares, a growth of 452.6% from the July 15th total of 19 shares. Based on an average trading volume of 10,667 shares, the short-interest ratio is presently 0.0 days. Currently, 0.0% of the shares of the stock are short sold.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in NXTG. Raymond James Financial Inc. grew its holdings in First Trust Indxx NextG ETF by 54.9% during the 3rd quarter. Raymond James Financial Inc. now owns 130,229 shares of the company’s stock worth $13,490,000 after acquiring an additional 46,139 shares during the last quarter. Royal Bank of Canada lifted its holdings in shares of First Trust Indxx NextG ETF by 19.8% during the first quarter. Royal Bank of Canada now owns 79,842 shares of the company’s stock worth $8,936,000 after purchasing an additional 13,201 shares during the period. Bank of America Corp DE grew its stake in shares of First Trust Indxx NextG ETF by 12.5% in the second quarter. Bank of America Corp DE now owns 73,111 shares of the company’s stock worth $7,113,000 after purchasing an additional 8,095 shares during the last quarter. Kestra Advisory Services LLC grew its stake in shares of First Trust Indxx NextG ETF by 1.1% in the first quarter. Kestra Advisory Services LLC now owns 64,687 shares of the company’s stock worth $7,240,000 after purchasing an additional 681 shares during the last quarter. Finally, Susquehanna International Group LLP grew its stake 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 worth $4,557,000 after purchasing an additional 28,455 shares during the last quarter.

First Trust Indxx NextG ETF Stock Up 1.0%

NASDAQ NXTG opened at $156.07 on Friday. The company has a market cap of $577.46 million, a price-to-earnings ratio of 22.81 and a beta of 1.04. First Trust Indxx NextG ETF has a twelve month low of $97.94 and a twelve month high of $167.58. The business’s fifty day moving average is $150.56 and its 200 day moving average is $134.81.

First Trust Indxx NextG ETF Increases Dividend

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

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.