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

First Trust Indxx NextG ETF (NASDAQ:NXTG) saw a large increase in short interest in the month of December. As of December 15th, there was short interest totalling 1,600 shares, an increase of 1,500.0% from the November 30th total of 100 shares. Based on an average daily trading volume, of 7,600 shares, the short-interest ratio is currently 0.2 days.

Institutional Trading of First Trust Indxx NextG ETF

A number of hedge funds have recently modified their holdings of NXTG. Banco Santander S.A. boosted its stake in First Trust Indxx NextG ETF by 65.5% during the second quarter. Banco Santander S.A. now owns 5,510 shares of the company’s stock worth $451,000 after buying an additional 2,180 shares in the last quarter. Belpointe Asset Management LLC boosted its position in shares of First Trust Indxx NextG ETF by 23.6% during the 2nd quarter. Belpointe Asset Management LLC now owns 10,056 shares of the company’s stock valued at $824,000 after acquiring an additional 1,921 shares in the last quarter. Zions Bancorporation N.A. bought a new stake in First Trust Indxx NextG ETF in the second quarter valued at about $33,000. CoreCap Advisors LLC acquired a new position in First Trust Indxx NextG ETF in the second quarter worth about $351,000. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in First Trust Indxx NextG ETF by 0.7% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 55,684 shares of the company’s stock valued at $4,562,000 after purchasing an additional 381 shares in the last quarter.

First Trust Indxx NextG ETF Trading Down 0.5 %

NASDAQ:NXTG traded down $0.44 during trading hours on Thursday, hitting $85.94. 4,198 shares of the company traded hands, compared to its average volume of 8,325. The stock has a market capitalization of $378.14 million, a price-to-earnings ratio of 18.31 and a beta of 0.89. The firm has a 50-day moving average of $85.88 and a 200 day moving average of $84.71. First Trust Indxx NextG ETF has a twelve month low of $73.37 and a twelve month high of $88.84.

First Trust Indxx NextG ETF Cuts Dividend

The company also recently declared a dividend, which will be paid on Tuesday, December 31st. Investors of record on Friday, December 13th will be paid a dividend of $0.4269 per share. The ex-dividend date is Friday, December 13th.

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.