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

First Trust Indxx NextG ETF (NASDAQ:NXTG) was the target of a large decrease in short interest in January. As of January 31st, there was short interest totalling 1,500 shares, a decrease of 37.5% from the January 15th total of 2,400 shares. Based on an average daily volume of 9,700 shares, the days-to-cover ratio is presently 0.2 days.

First Trust Indxx NextG ETF Price Performance

NASDAQ NXTG opened at $88.81 on Thursday. The company’s 50 day simple moving average is $86.48 and its two-hundred day simple moving average is $85.62. First Trust Indxx NextG ETF has a 1 year low of $73.37 and a 1 year high of $88.96. The stock has a market capitalization of $377.42 million, a PE ratio of 18.31 and a beta of 0.89.

First Trust Indxx NextG ETF Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were given a $0.4269 dividend. The ex-dividend date was Friday, December 13th.

Hedge Funds Weigh In On First Trust Indxx NextG ETF

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NXTG. Ashton Thomas Private Wealth LLC boosted its position in shares of First Trust Indxx NextG ETF by 7.9% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 3,588 shares of the company’s stock valued at $306,000 after acquiring an additional 263 shares during the last quarter. Creative Financial Designs Inc. ADV increased its position in shares of First Trust Indxx NextG ETF by 4.7% in the fourth quarter. Creative Financial Designs Inc. ADV now owns 7,915 shares of the company’s stock worth $675,000 after purchasing an additional 356 shares during the last quarter. Ameritas Advisory Services LLC raised its stake in First Trust Indxx NextG ETF by 7.1% in the fourth quarter. Ameritas Advisory Services LLC now owns 5,435 shares of the company’s stock valued at $464,000 after purchasing an additional 358 shares in the last quarter. First Horizon Advisors Inc. purchased a new position in First Trust Indxx NextG ETF in the 3rd quarter worth approximately $44,000. Finally, Truist Financial Corp increased its holdings in shares of First Trust Indxx NextG ETF by 15.8% in the 4th quarter. Truist Financial Corp now owns 5,162 shares of the company’s stock worth $440,000 after buying an additional 704 shares during the last quarter.

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.