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

First Trust Indxx NextG ETF (NASDAQ:NXTG) saw a large decrease in short interest in the month of April. As of April 15th, there was short interest totalling 300 shares, a decrease of 25.0% from the March 31st total of 400 shares. Based on an average daily volume of 10,200 shares, the days-to-cover ratio is presently 0.0 days.

First Trust Indxx NextG ETF Stock Up 0.6 %

Shares of First Trust Indxx NextG ETF stock opened at $75.87 on Friday. First Trust Indxx NextG ETF has a fifty-two week low of $64.46 and a fifty-two week high of $81.22. The firm has a market cap of $367.97 million, a PE ratio of 17.72 and a beta of 0.89. The business’s fifty day moving average is $77.73 and its two-hundred day moving average is $74.59.

First Trust Indxx NextG ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 22nd were paid a dividend of $0.044 per share. This represents a $0.18 dividend on an annualized basis and a dividend yield of 0.23%. The ex-dividend date was Thursday, March 21st.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. NBC Securities Inc. purchased a new position in shares of First Trust Indxx NextG ETF in the 3rd quarter worth $582,000. NewEdge Wealth LLC raised its position in shares of First Trust Indxx NextG ETF by 67.8% in the 3rd quarter. NewEdge Wealth LLC now owns 15,139 shares of the company’s stock worth $1,027,000 after buying an additional 6,116 shares during the period. Concentrum Wealth Management raised its position in shares of First Trust Indxx NextG ETF by 6.7% in the 3rd quarter. Concentrum Wealth Management now owns 24,011 shares of the company’s stock worth $1,630,000 after buying an additional 1,509 shares during the period. Kestra Advisory Services LLC raised its position in shares of First Trust Indxx NextG ETF by 11.3% in the 3rd quarter. Kestra Advisory Services LLC now owns 55,811 shares of the company’s stock worth $3,787,000 after buying an additional 5,657 shares during the period. Finally, B. Riley Wealth Advisors Inc. raised its position in shares of First Trust Indxx NextG ETF by 6.8% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 8,096 shares of the company’s stock worth $549,000 after buying an additional 519 shares during the period.

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.