Short Interest in First Trust Indxx NextG ETF (NASDAQ:NXTG) Expands By 182.6%

First Trust Indxx NextG ETF (NASDAQ:NXTG) was the target of a large increase in short interest in the month of April. As of April 30th, there was short interest totaling 1,557 shares, an increase of 182.6% from the April 15th total of 551 shares. Based on an average trading volume of 7,880 shares, the short-interest ratio is currently 0.2 days. Currently, 0.0% of the shares of the company are short sold.

First Trust Indxx NextG ETF Trading Down 2.5%

NXTG opened at $143.18 on Friday. First Trust Indxx NextG ETF has a 1-year low of $90.37 and a 1-year high of $147.50. The stock’s fifty day simple moving average is $123.60 and its 200 day simple moving average is $115.22. The stock has a market cap of $529.77 million, a PE ratio of 22.81 and a beta of 0.99.

First Trust Indxx NextG ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a $0.2317 dividend. This represents a $0.93 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Thursday, March 26th.

Institutional Investors Weigh In On First Trust Indxx NextG ETF

Large investors have recently added to or reduced their stakes in the business. Russell Investments Group Ltd. raised its stake in 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 valued at $26,000 after acquiring an additional 236 shares during the period. Parallel Advisors LLC bought a new stake in First Trust Indxx NextG ETF in the 1st quarter valued at $49,000. Arax Advisory Partners bought a new stake in First Trust Indxx NextG ETF in the 4th quarter valued at $53,000. Geneos Wealth Management Inc. raised its stake in First Trust Indxx NextG ETF by 200.0% in the 2nd quarter. Geneos Wealth Management Inc. now owns 651 shares of the company’s stock valued at $63,000 after acquiring an additional 434 shares during the period. Finally, Sound Income Strategies LLC bought a new stake in First Trust Indxx NextG ETF in the 4th quarter valued at $102,000.

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.