First Trust Indxx NextG ETF (NASDAQ:NXTG) Short Interest Up 350.0% in May

First Trust Indxx NextG ETF (NASDAQ:NXTG) saw a significant growth in short interest during the month of May. As of May 31st, there was short interest totalling 900 shares, a growth of 350.0% from the May 15th total of 200 shares. Currently, 0.0% of the company’s shares are short sold. Based on an average trading volume of 6,800 shares, the days-to-cover ratio is presently 0.1 days.

Hedge Funds Weigh In On First Trust Indxx NextG ETF

A number of hedge funds have recently made changes to their positions in NXTG. Jane Street Group LLC increased its holdings in First Trust Indxx NextG ETF by 12.3% in the first quarter. Jane Street Group LLC now owns 9,558 shares of the company’s stock worth $811,000 after purchasing an additional 1,047 shares in the last quarter. Comerica Bank increased its holdings in First Trust Indxx NextG ETF by 22.1% in the first quarter. Comerica Bank now owns 1,347 shares of the company’s stock worth $114,000 after purchasing an additional 244 shares in the last quarter. Raymond James Financial Inc. increased its holdings in First Trust Indxx NextG ETF by 1.3% in the first quarter. Raymond James Financial Inc. now owns 83,892 shares of the company’s stock worth $7,119,000 after purchasing an additional 1,038 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in First Trust Indxx NextG ETF by 61.4% in the first quarter. PNC Financial Services Group Inc. now owns 468 shares of the company’s stock worth $40,000 after purchasing an additional 178 shares in the last quarter. Finally, Brio Consultants LLC bought a new stake in First Trust Indxx NextG ETF in the first quarter worth approximately $1,309,000.

First Trust Indxx NextG ETF Price Performance

Shares of NXTG opened at $93.35 on Friday. First Trust Indxx NextG ETF has a 1 year low of $74.03 and a 1 year high of $94.79. The company has a market capitalization of $373.40 million, a price-to-earnings ratio of 22.16 and a beta of 0.89. The business has a 50-day moving average of $88.05 and a 200-day moving average of $87.04.

First Trust Indxx NextG ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Thursday, March 27th were given a dividend of $0.0804 per share. The ex-dividend date was Thursday, March 27th. This represents a $0.32 dividend on an annualized basis and a dividend yield of 0.34%.

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.