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

First Trust Indxx NextG ETF (NASDAQ:NXTG) was the target 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 trading volume of 9,600 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.0% of the company’s stock are sold short.

First Trust Indxx NextG ETF Price Performance

NXTG traded up $0.07 on Wednesday, reaching $85.33. The company’s stock had a trading volume of 9,838 shares, compared to its average volume of 8,315. First Trust Indxx NextG ETF has a 1 year low of $73.37 and a 1 year high of $91.29. The business’s 50 day moving average is $87.67 and its 200 day moving average is $86.69. The stock has a market cap of $362.65 million, a price-to-earnings ratio of 21.42 and a beta of 0.89.

First Trust Indxx NextG ETF Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were paid a dividend of $0.0804 per share. This represents a $0.32 annualized dividend and a dividend yield of 0.38%. The ex-dividend date was Thursday, March 27th.

Institutional Trading of First Trust Indxx NextG ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Truist Financial Corp grew its holdings in First Trust Indxx NextG ETF by 15.8% during the 4th quarter. Truist Financial Corp now owns 5,162 shares of the company’s stock worth $440,000 after acquiring an additional 704 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of First Trust Indxx NextG ETF in the 4th quarter valued at about $7,067,000. Benjamin Edwards Inc. bought a new position in shares of First Trust Indxx NextG ETF during the third quarter worth about $4,600,000. Strategic Financial Concepts LLC acquired a new position in First Trust Indxx NextG ETF in the fourth quarter worth about $950,000. Finally, Atria Investments Inc increased its holdings in First Trust Indxx NextG ETF by 5.4% in the fourth quarter. Atria Investments Inc now owns 16,735 shares of the company’s stock valued at $1,427,000 after buying an additional 850 shares during the last quarter.

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.