Short Interest in First Trust Indxx NextG ETF (NASDAQ:NXTG) Drops By 62.5%

First Trust Indxx NextG ETF (NASDAQ:NXTG) was the recipient of a large decline in short interest in January. As of January 15th, there was short interest totalling 600 shares, a decline of 62.5% from the December 31st total of 1,600 shares. Based on an average daily volume of 7,900 shares, the short-interest ratio is presently 0.1 days.

First Trust Indxx NextG ETF Trading Down 0.2 %

NASDAQ:NXTG traded down $0.16 during trading hours on Tuesday, hitting $85.64. 1,482 shares of the stock were exchanged, compared to its average volume of 8,692. First Trust Indxx NextG ETF has a 52-week low of $73.37 and a 52-week high of $88.84. The firm’s fifty day moving average price is $86.00 and its 200 day moving average price is $85.33. The company has a market cap of $363.99 million, a P/E ratio of 18.31 and a beta of 0.89.

First Trust Indxx NextG ETF Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, December 31st. Stockholders of record on Friday, December 13th were issued a dividend of $0.4269 per share. The ex-dividend date of this dividend was Friday, December 13th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. First Horizon Advisors Inc. purchased a new stake in shares of First Trust Indxx NextG ETF during the third quarter worth $44,000. Spire Wealth Management purchased a new stake in shares of First Trust Indxx NextG ETF during the fourth quarter worth $151,000. Ameritas Advisory Services LLC increased its position in shares of First Trust Indxx NextG ETF by 7.1% during the fourth quarter. Ameritas Advisory Services LLC now owns 5,435 shares of the company’s stock worth $464,000 after acquiring an additional 358 shares during the period. Arkadios Wealth Advisors increased its position in shares of First Trust Indxx NextG ETF by 41.4% during the third quarter. Arkadios Wealth Advisors now owns 6,699 shares of the company’s stock worth $585,000 after acquiring an additional 1,961 shares during the period. Finally, Prospera Financial Services Inc increased its position in shares of First Trust Indxx NextG ETF by 38.6% during the third quarter. Prospera Financial Services Inc now owns 6,783 shares of the company’s stock worth $593,000 after acquiring an additional 1,889 shares during the period.

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.