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

First Trust Indxx NextG ETF (NASDAQ:NXTG) saw a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 2,200 shares, a growth of 22.2% from the February 13th total of 1,800 shares. Based on an average daily trading volume, of 10,600 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

First Trust Indxx NextG ETF Stock Performance

Shares of NASDAQ:NXTG opened at $88.18 on Thursday. The business has a 50-day simple moving average of $87.53 and a two-hundred day simple moving average of $86.57. The firm has a market cap of $374.77 million, a price-to-earnings ratio of 21.52 and a beta of 0.89. First Trust Indxx NextG ETF has a fifty-two week low of $73.37 and a fifty-two week high of $91.29.

Institutional Investors Weigh In On First Trust Indxx NextG ETF

A number of hedge funds have recently added to or reduced their stakes in NXTG. Raymond James Financial Inc. bought a new position in First Trust Indxx NextG ETF in the fourth quarter valued at about $7,067,000. Wells Fargo & Company MN increased its holdings in First Trust Indxx NextG ETF by 4.1% during the fourth quarter. Wells Fargo & Company MN now owns 71,405 shares of the company’s stock valued at $6,090,000 after buying an additional 2,819 shares during the last quarter. Bank of America Corp DE raised its position in First Trust Indxx NextG ETF by 1.8% in the fourth quarter. Bank of America Corp DE now owns 64,299 shares of the company’s stock worth $5,484,000 after acquiring an additional 1,106 shares during the period. Benjamin Edwards Inc. purchased a new position in shares of First Trust Indxx NextG ETF during the 3rd quarter worth $4,600,000. Finally, Susquehanna International Group LLP grew its position in shares of First Trust Indxx NextG ETF by 956.0% during the 4th quarter. Susquehanna International Group LLP now owns 43,907 shares of the company’s stock valued at $3,745,000 after acquiring an additional 39,749 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.