First Trust Indxx NextG ETF (NASDAQ:NXTG) Short Interest Up 22.2% in February

First Trust Indxx NextG ETF (NASDAQ:NXTG) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 2,200 shares, a growth of 22.2% from the February 13th total of 1,800 shares. Based on an average daily volume of 10,600 shares, the days-to-cover ratio is currently 0.2 days. Currently, 0.1% of the shares of the stock are sold short.

Institutional Investors Weigh In On First Trust Indxx NextG ETF

Several hedge funds have recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its holdings in shares of First Trust Indxx NextG ETF by 0.9% during the 4th quarter. NewEdge Advisors LLC now owns 21,309 shares of the company’s stock valued at $1,817,000 after purchasing an additional 184 shares during the last quarter. Ashton Thomas Private Wealth LLC lifted its stake in First Trust Indxx NextG ETF by 7.9% in the fourth quarter. Ashton Thomas Private Wealth LLC now owns 3,588 shares of the company’s stock worth $306,000 after acquiring an additional 263 shares during the period. Creative Financial Designs Inc. ADV increased its position in First Trust Indxx NextG ETF by 4.7% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 7,915 shares of the company’s stock valued at $675,000 after purchasing an additional 356 shares during the period. Ameritas Advisory Services LLC lifted its position in shares of First Trust Indxx NextG ETF by 7.1% in the 4th quarter. Ameritas Advisory Services LLC now owns 5,435 shares of the company’s stock worth $464,000 after purchasing an additional 358 shares during the period. Finally, Cetera Investment Advisers lifted its position in shares of First Trust Indxx NextG ETF by 1.5% in the 4th quarter. Cetera Investment Advisers now owns 28,118 shares of the company’s stock worth $2,398,000 after purchasing an additional 419 shares during the period.

First Trust Indxx NextG ETF Trading Up 0.1 %

Shares of First Trust Indxx NextG ETF stock traded up $0.05 on Wednesday, hitting $87.86. 4,939 shares of the company traded hands, compared to its average volume of 8,250. First Trust Indxx NextG ETF has a 12-month low of $73.37 and a 12-month high of $91.29. The firm’s 50-day simple moving average is $87.48 and its 200 day simple moving average is $86.56. The company has a market cap of $373.40 million, a P/E ratio of 21.52 and a beta of 0.89.

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.