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

First Trust Indxx NextG ETF (NASDAQ:NXTG) saw a large growth in short interest in January. As of January 30th, there was short interest totaling 6,782 shares, a growth of 9,588.6% from the January 15th total of 70 shares. Based on an average daily trading volume, of 6,169 shares, the days-to-cover ratio is currently 1.1 days. Approximately 0.2% of the shares of the company are short sold. Approximately 0.2% of the shares of the company are short sold. Based on an average daily trading volume, of 6,169 shares, the days-to-cover ratio is currently 1.1 days.

First Trust Indxx NextG ETF Stock Performance

Shares of NASDAQ:NXTG opened at $119.35 on Thursday. The firm has a market cap of $447.56 million, a price-to-earnings ratio of 22.81 and a beta of 0.89. The business has a 50-day simple moving average of $110.62 and a two-hundred day simple moving average of $106.06. First Trust Indxx NextG ETF has a fifty-two week low of $74.03 and a fifty-two week high of $119.35.

First Trust Indxx NextG ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a $0.5364 dividend. This is a boost 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 dividend on an annualized basis and a yield of 1.8%.

Hedge Funds Weigh In On First Trust Indxx NextG ETF

Institutional investors and hedge funds have recently modified their holdings of the company. J.W. Cole Advisors Inc. increased its position in First Trust Indxx NextG ETF by 1.4% during the fourth quarter. J.W. Cole Advisors Inc. now owns 8,063 shares of the company’s stock valued at $869,000 after acquiring an additional 111 shares during the last quarter. Private Advisor Group LLC increased its position in shares of First Trust Indxx NextG ETF by 0.7% during the 3rd quarter. Private Advisor Group LLC now owns 20,852 shares of the company’s stock valued at $2,160,000 after purchasing an additional 147 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of First Trust Indxx NextG ETF by 16.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 1,170 shares of the company’s stock valued at $114,000 after purchasing an additional 169 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in shares of First Trust Indxx NextG ETF by 1,966.7% in the 3rd quarter. Russell Investments Group Ltd. now owns 248 shares of the company’s stock worth $26,000 after purchasing an additional 236 shares during the period. Finally, WealthCare Investment Partners LLC boosted its holdings in shares of First Trust Indxx NextG ETF by 1.5% in the fourth quarter. WealthCare Investment Partners LLC now owns 17,113 shares of the company’s stock worth $1,870,000 after buying an additional 251 shares during the last quarter.

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.