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

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

Institutional Trading of First Trust Indxx NextG ETF

Several large investors have recently modified their holdings of NXTG. First Horizon Advisors Inc. purchased a new position in First Trust Indxx NextG ETF during the third quarter valued at $44,000. Spire Wealth Management purchased a new position in First Trust Indxx NextG ETF during the fourth quarter valued at $151,000. Ameritas Advisory Services LLC lifted its position in 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 valued at $464,000 after purchasing an additional 358 shares in the last quarter. Arkadios Wealth Advisors lifted its position in 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 valued at $585,000 after purchasing an additional 1,961 shares in the last quarter. Finally, Prospera Financial Services Inc lifted its position in 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 valued at $593,000 after purchasing an additional 1,889 shares in the last quarter.

First Trust Indxx NextG ETF Price Performance

NXTG stock traded down $0.16 on Tuesday, reaching $85.64. 1,482 shares of the company traded hands, compared to its average volume of 8,692. The company has a market cap of $363.99 million, a P/E ratio of 18.31 and a beta of 0.89. The firm has a fifty day simple moving average of $86.00 and a 200-day simple moving average of $85.33. First Trust Indxx NextG ETF has a one year low of $73.37 and a one year high of $88.84.

First Trust Indxx NextG ETF Cuts Dividend

The company also recently disclosed a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were issued a $0.4269 dividend. The ex-dividend date of this dividend was Friday, December 13th.

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.