Short Interest in First Trust Indxx NextG ETF (NASDAQ:NXTG) Decreases By 88.9%

First Trust Indxx NextG ETF (NASDAQ:NXTG) was the recipient of a significant decline in short interest in the month of October. As of October 15th, there was short interest totalling 100 shares, a decline of 88.9% from the September 30th total of 900 shares. Based on an average trading volume of 6,600 shares, the short-interest ratio is presently 0.0 days.

Institutional Investors Weigh In On First Trust Indxx NextG ETF

Several large investors have recently modified their holdings of NXTG. Zions Bancorporation N.A. bought a new stake in shares of First Trust Indxx NextG ETF in the 2nd quarter valued at approximately $33,000. Kingswood Wealth Advisors LLC bought a new stake in First Trust Indxx NextG ETF during the 1st quarter worth approximately $201,000. MONECO Advisors LLC bought a new stake in First Trust Indxx NextG ETF during the 2nd quarter worth approximately $246,000. CoreCap Advisors LLC bought a new stake in First Trust Indxx NextG ETF during the 2nd quarter worth approximately $351,000. Finally, Banco Santander S.A. grew its position in First Trust Indxx NextG ETF by 65.5% during the 2nd quarter. Banco Santander S.A. now owns 5,510 shares of the company’s stock worth $451,000 after acquiring an additional 2,180 shares during the last quarter.

First Trust Indxx NextG ETF Stock Performance

Shares of NXTG stock traded up $0.01 during trading hours on Friday, hitting $86.57. The company had a trading volume of 7,697 shares, compared to its average volume of 8,283. First Trust Indxx NextG ETF has a 12 month low of $64.46 and a 12 month high of $88.84. The firm has a market capitalization of $380.91 million, a price-to-earnings ratio of 18.31 and a beta of 0.89. The firm’s fifty day moving average is $86.20 and its 200 day moving average is $82.20.

First Trust Indxx NextG ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were paid a $0.4009 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.60 annualized dividend and a dividend yield of 1.85%.

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.