First Trust Indxx NextG ETF (NASDAQ:NXTG) Stock Short Interest Report for October

by · The Markets Daily

First Trust Indxx NextG ETF (NASDAQ:NXTG – Get Free Report) saw a large decline in short interest during the month of October. As of October 15th, there was short interest totaling 541 shares, a decline of 43.1% from the September 30th total of 951 shares. Based on an average trading volume of 3,421 shares, the short-interest ratio is currently 0.2 days. Approximately 0.0% of the company’s shares are short sold.

First Trust Indxx NextG ETF Stock Performance

NXTG traded down $1.48 on Monday, hitting $143.64. 16,579 shares of the company were exchanged, compared to its average volume of 9,173. The firm has a fifty day simple moving average of $152.82 and a two-hundred day simple moving average of $138.96. First Trust Indxx NextG ETF has a 12 month low of $101.01 and a 12 month high of $167.58. The stock has a market capitalization of $524.29 million, a PE ratio of 22.81 and a beta of 1.05.

First Trust Indxx NextG ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were issued a $0.6320 dividend. This is a positive change from First Trust Indxx NextG ETF’s previous quarterly dividend of $0.5768. This represents a $2.53 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Thursday, September 24th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in NXTG. NewEdge Advisors LLC boosted its position in First Trust Indxx NextG ETF by 0.4% during the 1st quarter. NewEdge Advisors LLC now owns 19,907 shares of the company’s stock valued at $2,228,000 after buying an additional 87 shares during the period. Stephens Inc. AR boosted its holdings in shares of First Trust Indxx NextG ETF by 1.3% during the first quarter. Stephens Inc. AR now owns 6,729 shares of the company’s stock worth $753,000 after purchasing an additional 87 shares during the period. IFP Advisors Inc boosted its holdings in shares of First Trust Indxx NextG ETF by 20.7% during the third quarter. IFP Advisors Inc now owns 893 shares of the company’s stock worth $137,000 after purchasing an additional 153 shares during the period. Sanctuary Advisors LLC boosted its holdings in shares of First Trust Indxx NextG ETF by 3.5% during the first quarter. Sanctuary Advisors LLC now owns 10,239 shares of the company’s stock worth $1,146,000 after purchasing an additional 346 shares during the period. Finally, Kestra Advisory Services LLC grew its stake in shares of First Trust Indxx NextG ETF by 0.6% in the third quarter. Kestra Advisory Services LLC now owns 64,142 shares of the company’s stock worth $9,875,000 after purchasing an additional 364 shares during the last quarter.

First Trust Indxx NextG ETF Company Profile

(Get Free Report)

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.

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