First Trust Indxx NextG ETF (NASDAQ:NXTG) Short Interest Update

First Trust Indxx NextG ETF (NASDAQ:NXTG) was the target of a significant growth in short interest in the month of December. As of December 31st, there was short interest totaling 9,535 shares, a growth of 33,953.6% from the December 15th total of 28 shares. Currently, 0.3% of the shares of the company are short sold. Based on an average daily volume of 6,430 shares, the short-interest ratio is currently 1.5 days. Based on an average daily volume of 6,430 shares, the short-interest ratio is currently 1.5 days. Currently, 0.3% of the shares of the company are short sold.

First Trust Indxx NextG ETF Stock Up 0.3%

Shares of NXTG stock opened at $110.44 on Tuesday. The firm has a market cap of $419.67 million, a PE ratio of 22.81 and a beta of 0.89. First Trust Indxx NextG ETF has a 12 month low of $74.03 and a 12 month high of $111.54. The stock has a 50 day moving average of $107.19 and a 200-day moving average of $103.60.

First Trust Indxx NextG ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a $0.5364 dividend. This is a positive change from First Trust Indxx NextG ETF’s previous quarterly dividend of $0.50. The ex-dividend date of this dividend was Friday, December 12th. This represents a $2.15 annualized dividend and a yield of 1.9%.

Institutional Investors Weigh In On First Trust Indxx NextG ETF

Several large investors have recently modified their holdings of NXTG. Russell Investments Group Ltd. increased its holdings in shares of First Trust Indxx NextG ETF by 1,966.7% in the third quarter. Russell Investments Group Ltd. now owns 248 shares of the company’s stock valued at $26,000 after purchasing an additional 236 shares in the last quarter. Rossby Financial LCC acquired a new position in First Trust Indxx NextG ETF in the second quarter valued at about $39,000. Geneos Wealth Management Inc. increased its stake in First Trust Indxx NextG ETF by 200.0% during the 2nd quarter. Geneos Wealth Management Inc. now owns 651 shares of the company’s stock worth $63,000 after purchasing an additional 434 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of First Trust Indxx NextG ETF by 16.9% during the second quarter. JPMorgan Chase & Co. now owns 1,170 shares of the company’s stock worth $114,000 after acquiring an additional 169 shares during the period. Finally, Prasad Wealth Partners LLC acquired a new stake in shares of First Trust Indxx NextG ETF in the 3rd quarter valued at about $207,000.

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.