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

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

First Trust Indxx NextG ETF Price Performance

NASDAQ NXTG traded down $1.15 during mid-day trading on Thursday, reaching $86.94. The stock had a trading volume of 6,104 shares, compared to its average volume of 8,109. The stock has a market cap of $369.50 million, a PE ratio of 22.73 and a beta of 0.89. First Trust Indxx NextG ETF has a 1 year low of $73.37 and a 1 year high of $91.29. The company has a fifty day moving average price of $87.28 and a 200 day moving average price of $86.44.

First Trust Indxx NextG ETF Cuts Dividend

The firm 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

Several large investors have recently bought and sold shares of the business. First Horizon Advisors Inc. bought a new position in shares of First Trust Indxx NextG ETF in the 3rd quarter worth approximately $44,000. Benjamin Edwards Inc. bought a new stake in First Trust Indxx NextG ETF during the 3rd quarter valued at $4,600,000. Truist Financial Corp lifted its stake in shares of First Trust Indxx NextG ETF by 15.8% during the 4th quarter. Truist Financial Corp now owns 5,162 shares of the company’s stock worth $440,000 after purchasing an additional 704 shares during the last quarter. Strategic Financial Concepts LLC purchased a new stake in shares of First Trust Indxx NextG ETF during the 4th quarter worth $950,000. Finally, Flow Traders U.S. LLC purchased a new position in First Trust Indxx NextG ETF in the third quarter valued at about $1,749,000.

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.