First Trust Indxx NextG ETF (NASDAQ:NXTG) Short Interest Down 18.2% in March

First Trust Indxx NextG ETF (NASDAQ:NXTG) was the recipient of a significant decline in short interest in March. As of March 15th, there was short interest totalling 1,800 shares, a decline 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 presently 0.2 days. Approximately 0.0% of the company’s shares are sold short.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. purchased a new stake in shares of First Trust Indxx NextG ETF during the 4th quarter valued at about $7,067,000. Benjamin Edwards Inc. purchased a new stake in shares of First Trust Indxx NextG ETF during the third quarter valued at approximately $4,600,000. Susquehanna International Group LLP raised its stake in shares of First Trust Indxx NextG ETF by 956.0% during the fourth quarter. Susquehanna International Group LLP now owns 43,907 shares of the company’s stock valued at $3,745,000 after purchasing an additional 39,749 shares during the period. Flow Traders U.S. LLC acquired a new position in shares of First Trust Indxx NextG ETF during the third quarter worth $1,749,000. Finally, Strategic Financial Concepts LLC purchased a new position in shares of First Trust Indxx NextG ETF in the fourth quarter valued at $950,000.

First Trust Indxx NextG ETF Trading Up 0.1 %

NXTG traded up $0.07 during trading on Wednesday, hitting $85.33. 9,838 shares of the company’s stock were exchanged, compared to its average volume of 8,315. The stock has a 50 day moving average price of $87.67 and a 200 day moving average price of $86.69. First Trust Indxx NextG ETF has a 1 year low of $73.37 and a 1 year high of $91.29. The firm has a market cap of $362.65 million, a P/E ratio of 21.42 and a beta of 0.89.

First Trust Indxx NextG ETF Cuts Dividend

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

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.