First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) Short Interest Update

First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) was the recipient of a significant decrease in short interest in the month of April. As of April 30th, there was short interest totaling 14,690 shares, a decrease of 48.2% from the April 15th total of 28,364 shares. Currently, 0.2% of the company’s shares are sold short. Based on an average daily volume of 59,749 shares, the days-to-cover ratio is presently 0.2 days.

First Trust Indxx Global Natural Resources Income ETF Stock Performance

FTRI stock traded down $0.53 on Friday, reaching $17.14. The company’s stock had a trading volume of 137,915 shares, compared to its average volume of 51,382. The business has a fifty day simple moving average of $17.82 and a two-hundred day simple moving average of $16.88. First Trust Indxx Global Natural Resources Income ETF has a 12-month low of $13.31 and a 12-month high of $19.13. The firm has a market cap of $131.98 million, a PE ratio of 15.66 and a beta of 0.58.

First Trust Indxx Global Natural Resources Income ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Thursday, March 26th were given a dividend of $0.0666 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.27 annualized dividend and a yield of 1.6%.

Hedge Funds Weigh In On First Trust Indxx Global Natural Resources Income ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Treasure Coast Financial Planning increased its holdings in shares of First Trust Indxx Global Natural Resources Income ETF by 3.8% during the fourth quarter. Treasure Coast Financial Planning now owns 27,429 shares of the company’s stock valued at $430,000 after acquiring an additional 1,004 shares in the last quarter. International Assets Investment Management LLC purchased a new position in shares of First Trust Indxx Global Natural Resources Income ETF during the 4th quarter valued at about $25,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of First Trust Indxx Global Natural Resources Income ETF during the 2nd quarter valued at about $25,000. Bank of America Corp DE lifted its position in shares of First Trust Indxx Global Natural Resources Income ETF by 2.5% during the 2nd quarter. Bank of America Corp DE now owns 105,736 shares of the company’s stock valued at $1,505,000 after buying an additional 2,578 shares in the last quarter. Finally, Comerica Bank lifted its position in shares of First Trust Indxx Global Natural Resources Income ETF by 120.0% during the 1st quarter. Comerica Bank now owns 5,500 shares of the company’s stock valued at $73,000 after buying an additional 3,000 shares in the last quarter.

First Trust Indxx Global Natural Resources Income ETF Company Profile

First Trust ISE Global Copper Index Fund is an exchange traded fund. The investment objective of the Fund is to seek investment results that correspond generally to the price and yield of an equity index called the ISE Global Copper Index. The ISE Global Copper Index is designed to provide the investors interested in tracking public companies, which are active in the copper mining industry based on analysis of revenue derived from the sale of copper. The issuers of the component securities of the index must be engaged in some aspect of the copper mining industry, such as copper mining, refining or exploration.