First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) Sees Significant Decrease in Short Interest

First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) saw a large decrease in short interest in the month of August. As of August 14th, there was short interest totaling 22,051 shares, a decrease of 35.1% from the July 30th total of 33,956 shares. Currently, 0.3% of the shares of the stock are sold short. Based on an average trading volume of 51,276 shares, the short-interest ratio is presently 0.4 days.

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

Several hedge funds have recently bought and sold shares of the business. Focus Financial Network Inc. increased its holdings in shares of First Trust Indxx Global Natural Resources Income ETF by 4.3% during the second quarter. Focus Financial Network Inc. now owns 19,894 shares of the company’s stock valued at $316,000 after acquiring an additional 821 shares in the last quarter. International Assets Investment Management LLC bought a new position in First Trust Indxx Global Natural Resources Income ETF during the fourth quarter valued at approximately $25,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of First Trust Indxx Global Natural Resources Income ETF during the 2nd quarter valued at $25,000. Bank of America Corp DE lifted its holdings in First Trust Indxx Global Natural Resources Income ETF by 2.5% in the second quarter. Bank of America Corp DE now owns 105,736 shares of the company’s stock valued at $1,505,000 after acquiring an additional 2,578 shares during the period. Finally, Comerica Bank boosted its holdings in shares of First Trust Indxx Global Natural Resources Income ETF by 120.0% in the first quarter. Comerica Bank now owns 5,500 shares of the company’s stock worth $73,000 after buying an additional 3,000 shares during the last quarter.

First Trust Indxx Global Natural Resources Income ETF Price Performance

NASDAQ:FTRI traded up $0.13 during mid-day trading on Wednesday, reaching $18.35. The stock had a trading volume of 3,592 shares, compared to its average volume of 45,381. The stock has a market cap of $136.71 million, a P/E ratio of 15.66 and a beta of 0.59. The business’s 50 day moving average is $16.95 and its 200 day moving average is $17.42. First Trust Indxx Global Natural Resources Income ETF has a fifty-two week low of $14.45 and a fifty-two week high of $19.13.

First Trust Indxx Global Natural Resources Income ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a $0.0945 dividend. This is a boost from First Trust Indxx Global Natural Resources Income ETF’s previous quarterly dividend of $0.07. This represents a $0.38 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Thursday, June 25th.

About First Trust Indxx Global Natural Resources Income ETF

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.