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

First Trust Indxx NextG ETF (NASDAQ:NXTG) was the target of a large decrease in short interest in 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 trading volume, of 9,600 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

First Trust Indxx NextG ETF Stock Up 0.1 %

Shares of NXTG stock opened at $85.33 on Thursday. The company has a market capitalization of $345.59 million, a price-to-earnings ratio of 21.42 and a beta of 0.89. First Trust Indxx NextG ETF has a 12-month low of $73.37 and a 12-month high of $91.29. The firm has a fifty day moving average of $87.61 and a 200-day moving average of $86.68.

First Trust Indxx NextG ETF Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Thursday, March 27th were given a dividend of $0.0804 per share. This represents a $0.32 annualized dividend and a yield of 0.38%. The ex-dividend date was Thursday, March 27th.

Hedge Funds Weigh In On First Trust Indxx NextG ETF

A number of institutional investors have recently bought and sold shares of the business. Spire Wealth Management bought a new position in shares of First Trust Indxx NextG ETF during the 4th quarter worth approximately $151,000. Riverchase Wealth Management LLC bought a new position in First Trust Indxx NextG ETF during the 4th quarter worth $275,000. Ashton Thomas Private Wealth LLC lifted its holdings in shares of First Trust Indxx NextG ETF by 7.9% during the fourth quarter. Ashton Thomas Private Wealth LLC now owns 3,588 shares of the company’s stock worth $306,000 after buying an additional 263 shares in the last quarter. Morey & Quinn Wealth Partners LLC bought a new stake in shares of First Trust Indxx NextG ETF in the fourth quarter valued at about $410,000. Finally, Truist Financial Corp grew its stake in shares of First Trust Indxx NextG ETF by 15.8% in the fourth quarter. Truist Financial Corp now owns 5,162 shares of the company’s stock valued at $440,000 after acquiring an additional 704 shares in 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.