Short Interest in First Trust Indxx NextG ETF (NASDAQ:NXTG) Drops By 18.2%

First Trust Indxx NextG ETF (NASDAQ:NXTG) saw a large decrease in short interest during the month of March. As of March 15th, there was short interest totalling 1,800 shares, a decrease of 18.2% from the February 28th total of 2,200 shares. Based on an average daily volume of 9,600 shares, the days-to-cover ratio is currently 0.2 days. Approximately 0.0% of the company’s stock are short sold.

First Trust Indxx NextG ETF Stock Performance

Shares of First Trust Indxx NextG ETF stock opened at $84.86 on Tuesday. The company has a 50-day simple moving average of $87.72 and a two-hundred day simple moving average of $86.70. The stock has a market capitalization of $360.66 million, a PE ratio of 21.42 and a beta of 0.89. First Trust Indxx NextG ETF has a 52-week low of $73.37 and a 52-week high of $91.29.

First Trust Indxx NextG ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Thursday, March 27th were issued a $0.0804 dividend. The ex-dividend date of this dividend was Thursday, March 27th. This represents a $0.32 dividend on an annualized basis and a yield of 0.38%.

Institutional Trading of First Trust Indxx NextG ETF

Several institutional investors have recently added to or reduced their stakes in NXTG. Raymond James Financial Inc. purchased a new position in First Trust Indxx NextG ETF in the 4th quarter worth about $7,067,000. Benjamin Edwards Inc. bought a new stake in shares of First Trust Indxx NextG ETF in the third quarter worth approximately $4,600,000. Susquehanna International Group LLP raised its holdings in shares of First Trust Indxx NextG ETF by 956.0% during the fourth quarter. Susquehanna International Group LLP now owns 43,907 shares of the company’s stock valued at $3,745,000 after purchasing an additional 39,749 shares during the last quarter. Flow Traders U.S. LLC bought a new position in First Trust Indxx NextG ETF during the third quarter valued at approximately $1,749,000. Finally, Strategic Financial Concepts LLC purchased a new stake in First Trust Indxx NextG ETF in the fourth quarter worth approximately $950,000.

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.