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

First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) was the target of a significant increase in short interest during the month of September. As of September 30th, there was short interest totalling 10,600 shares, an increase of 158.5% from the September 15th total of 4,100 shares. Based on an average daily trading volume, of 80,300 shares, the short-interest ratio is currently 0.1 days.

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

A number of institutional investors have recently bought and sold shares of FTRI. Waterfront Wealth Inc. acquired a new position in shares of First Trust Indxx Global Natural Resources Income ETF in the second quarter valued at $201,000. Janney Montgomery Scott LLC raised its holdings in First Trust Indxx Global Natural Resources Income ETF by 4.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 24,367 shares of the company’s stock valued at $323,000 after acquiring an additional 1,093 shares during the period. Clarus Wealth Advisors acquired a new stake in First Trust Indxx Global Natural Resources Income ETF during the first quarter worth approximately $371,000. Global Assets Advisory LLC boosted its holdings in shares of First Trust Indxx Global Natural Resources Income ETF by 12.5% during the fourth quarter. Global Assets Advisory LLC now owns 40,500 shares of the company’s stock worth $530,000 after acquiring an additional 4,500 shares during the period. Finally, Sanctuary Advisors LLC acquired a new position in shares of First Trust Indxx Global Natural Resources Income ETF in the second quarter valued at approximately $570,000.

First Trust Indxx Global Natural Resources Income ETF Price Performance

Shares of FTRI stock opened at $13.69 on Friday. The company has a fifty day moving average price of $13.26 and a two-hundred day moving average price of $13.36. First Trust Indxx Global Natural Resources Income ETF has a one year low of $11.94 and a one year high of $14.12. The stock has a market cap of $140.27 million, a P/E ratio of 6.13 and a beta of 0.94.

First Trust Indxx Global Natural Resources Income ETF Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Thursday, September 26th were issued a dividend of $0.1605 per share. This represents a $0.64 dividend on an annualized basis and a yield of 4.69%. The ex-dividend date was Thursday, September 26th.

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.