Short Interest in First Trust Indxx Global Agriculture ETF (NASDAQ:FTAG) Declines By 88.9%

First Trust Indxx Global Agriculture ETF (NASDAQ:FTAG) saw a large decline in short interest in the month of June. As of June 15th, there was short interest totaling 615 shares, a decline of 88.9% from the May 31st total of 5,528 shares. Based on an average trading volume of 19,579 shares, the days-to-cover ratio is presently 0.0 days. Approximately 0.1% of the shares of the company are short sold.

First Trust Indxx Global Agriculture ETF Price Performance

NASDAQ:FTAG traded up $0.05 during mid-day trading on Friday, hitting $28.85. The company’s stock had a trading volume of 2,355 shares, compared to its average volume of 7,409. First Trust Indxx Global Agriculture ETF has a 1 year low of $24.98 and a 1 year high of $31.13. The stock has a market cap of $15.58 million, a price-to-earnings ratio of 22.24 and a beta of 0.66. The business’s fifty day moving average is $29.23 and its two-hundred day moving average is $28.71.

First Trust Indxx Global Agriculture ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Thursday, June 25th will be issued a $0.1798 dividend. This represents a $0.72 annualized dividend and a yield of 2.5%. The ex-dividend date is Thursday, June 25th. This is a positive change from First Trust Indxx Global Agriculture ETF’s previous quarterly dividend of $0.03.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of FTAG. Commonwealth Equity Services LLC boosted its position in shares of First Trust Indxx Global Agriculture ETF by 14.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 29,225 shares of the company’s stock valued at $768,000 after acquiring an additional 3,615 shares during the last quarter. Flow Traders U.S. LLC increased its position in First Trust Indxx Global Agriculture ETF by 28.8% during the third quarter. Flow Traders U.S. LLC now owns 45,012 shares of the company’s stock worth $1,163,000 after purchasing an additional 10,056 shares during the last quarter. Virtu Financial LLC increased its position in First Trust Indxx Global Agriculture ETF by 8.1% during the third quarter. Virtu Financial LLC now owns 13,365 shares of the company’s stock worth $345,000 after purchasing an additional 1,007 shares during the last quarter. Finally, Jane Street Group LLC purchased a new position in First Trust Indxx Global Agriculture ETF during the second quarter worth about $305,000.

About First Trust Indxx Global Agriculture ETF

First Trust ISE Global Platinum Index Fund (the Fund) seeks investment results that correspond generally to the price and yield of the ISE Global Platinum Index (the Index). The Fund will normally invest at least 90% of its net assets in securities that comprise the Index or in depositary receipts representing foreign securities in the Index. The Index is designed to provide a benchmark for investors interested in tracking public companies that are active in platinum group metals (PGM) mining based on revenue analysis of those companies.