First Trust Indxx NextG ETF (NASDAQ:NXTG – Get Free Report) was the recipient of a significant growth in short interest in the month of October. As of October 30th, there was short interest totaling 3,470 shares, a growth of 541.4% from the October 15th total of 541 shares. Currently, 0.1% of the company’s shares are short sold. Based on an average daily volume of 14,644 shares, the short-interest ratio is currently 0.2 days.
First Trust Indxx NextG ETF Stock Down 0.4%
Shares of NASDAQ:NXTG opened at $141.64 on Wednesday. The business’s 50 day moving average is $151.54 and its 200 day moving average is $139.85. The stock has a market cap of $502.82 million, a P/E ratio of 20.99 and a beta of 1.09. First Trust Indxx NextG ETF has a 52-week low of $101.01 and a 52-week high of $167.58.
First Trust Indxx NextG ETF Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Stockholders of record on Thursday, September 24th were given a dividend of $0.6320 per share. This represents a $2.53 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Thursday, September 24th. This is a positive change from First Trust Indxx NextG ETF’s previous quarterly dividend of $0.5768.
Hedge Funds Weigh In On First Trust Indxx NextG ETF
Institutional investors have recently made changes to their positions in the company. NewEdge Advisors LLC raised its holdings in shares of First Trust Indxx NextG ETF by 0.4% in the first quarter. NewEdge Advisors LLC now owns 19,907 shares of the company’s stock valued at $2,228,000 after acquiring an additional 87 shares in the last quarter. Prasad Wealth Partners LLC lifted its stake in First Trust Indxx NextG ETF by 6.3% in the third quarter. Prasad Wealth Partners LLC now owns 2,143 shares of the company’s stock worth $330,000 after acquiring an additional 127 shares during the period. IFP Advisors Inc lifted its stake in First Trust Indxx NextG ETF by 20.7% in the third quarter. IFP Advisors Inc now owns 893 shares of the company’s stock worth $137,000 after acquiring an additional 153 shares during the period. Sanctuary Advisors LLC grew its holdings in First Trust Indxx NextG ETF by 3.5% during the 1st quarter. Sanctuary Advisors LLC now owns 10,239 shares of the company’s stock worth $1,146,000 after acquiring an additional 346 shares in the last quarter. Finally, Kestra Advisory Services LLC grew its holdings in First Trust Indxx NextG ETF by 0.6% during the 3rd quarter. Kestra Advisory Services LLC now owns 64,142 shares of the company’s stock worth $9,875,000 after acquiring an additional 364 shares in the last quarter.
First Trust Indxx NextG ETF Company Profile
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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