First Trust Indxx NextG ETF (NXTG) Short Interest Ratio & Short Volume

Short interest is the volume of First Trust Indxx NextG ETF shares that have been sold short but have not yet been covered or closed out. As of August 31st, traders have sold 103,100 shares of NXTG short. Learn More on First Trust Indxx NextG ETF's current short interest.

The short interest ratio, also known as the "days to cover ratio", is calculated by dividing the number of shares of a stock sold short divided by its average trading volume. A short interest ratio ranging between 1 and 4 generally indicates strong positive sentiment about a stock and a lack of short sellers. A short interest ratio of 10 or greater indicates strong pessimism about a stock. NXTG shares currently have a short interest ratio of 4.0. Learn More on First Trust Indxx NextG ETF's short interest ratio.

First Trust Indxx NextG ETF saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 103,100 shares, an increase of 103.8% from the previous total of 50,600 shares. Changes in short volume can be used to identify positive and negative investor sentiment. Investors that short sell a stock are betting that its price will decline in the future. An increase in short sale volume suggests bearish (negative) sentiment among investors. A decrease on short sale volume suggests bullish (positive) sentiment.

Here is how the short interest of companies compare to First Trust Indxx NextG ETF: First Trust Nasdaq Artificial Intelligence and Robotics ETF (1.45%), iShares MSCI Global Sustainable Development Goals ETF (0.67%), Global X FinTech Thematic ETF (2.16%), iShares ESG Advanced MSCI EAFE ETF (0.90%), Wahed FTSE USA Shariah ETF (0.72%), Global X Internet of Things Thematic ETF (1.12%), VanEck Video Gaming and eSports ETF (2.21%), Global X Cloud Computing ETF (2.20%), Global X Conscious Companies ETF (0.02%), SPDR MSCI ACWI Climate Paris Aligned ETF (1.40%),

As of the most recent reporting period, the following stocks had the largest short interest positions: Charter Communications, Inc. ($3.69 billion), Canadian Natural Resources Limited ($3.67 billion), T-Mobile US, Inc. ($3.56 billion), Suncor Energy Inc. ($3.20 billion), Occidental Petroleum Co. ($3.19 billion), Celsius Holdings, Inc. ($2.09 billion), Tractor Supply ($2.08 billion), Moderna, Inc. ($2.04 billion), Royal Caribbean Cruises Ltd. ($2.00 billion), and Rivian Automotive, Inc. ($1.96 billion). View all of the most shorted stocks.

Short selling NXTG is an investing strategy that aims to generate trading profit from First Trust Indxx NextG ETF as its price is falling. NXTG shares are trading up $0.39 today. To short a stock, an investor borrows shares, sells them and buys the shares back on the public market later to return it to the lender. Short sellers are betting that a stock will decline in price. If the stock does drop after selling, the short seller buys it back at a lower price and returns it to the lender. The difference between the sell price and the buy price is the trader's profit.

A short squeeze for First Trust Indxx NextG ETF occurs when it has a large amount of short interest and its stock appreciates in price. This forces short sellers to cover their short interest positions by buying actual shares of NXTG, which in turn drives the price of the stock up even further.

Short interest is typically published by a stock exchange once per month. However, NASDAQ publishes a report for U.S. stocks, including NXTG, twice per month. The most recent reporting period available is August, 31 2023.