First Trust Indxx NextG ETF (NASDAQ:NXTG) Sees Large Decline in Short Interest

First Trust Indxx NextG ETF (NASDAQ:NXTG) saw a large decrease in short interest in October. As of October 15th, there was short interest totalling 100 shares, a decrease of 88.9% from the September 30th total of 900 shares. Based on an average daily trading volume, of 6,600 shares, the days-to-cover ratio is currently 0.0 days.

Institutional Investors Weigh In On First Trust Indxx NextG ETF

Hedge funds have recently bought and sold shares of the stock. Zions Bancorporation N.A. purchased a new position in First Trust Indxx NextG ETF during the 2nd quarter worth approximately $33,000. Kingswood Wealth Advisors LLC purchased a new position in shares of First Trust Indxx NextG ETF in the 1st quarter valued at approximately $201,000. MONECO Advisors LLC purchased a new position in shares of First Trust Indxx NextG ETF in the 2nd quarter valued at approximately $246,000. CoreCap Advisors LLC purchased a new position in shares of First Trust Indxx NextG ETF in the 2nd quarter valued at approximately $351,000. Finally, Banco Santander S.A. grew its stake in shares of First Trust Indxx NextG ETF by 65.5% in the 2nd quarter. Banco Santander S.A. now owns 5,510 shares of the company’s stock valued at $451,000 after purchasing an additional 2,180 shares during the last quarter.

First Trust Indxx NextG ETF Stock Performance

Shares of NASDAQ NXTG traded up $0.01 during mid-day trading on Friday, reaching $86.57. 7,697 shares of the company’s stock were exchanged, compared to its average volume of 8,283. The company’s 50-day moving average is $86.25 and its 200-day moving average is $82.28. First Trust Indxx NextG ETF has a 52-week low of $64.46 and a 52-week high of $88.84. The firm has a market capitalization of $380.91 million, a price-to-earnings ratio of 18.31 and a beta of 0.89.

First Trust Indxx NextG ETF Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Thursday, September 26th were given a $0.4009 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date was Thursday, September 26th.

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.