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

First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) was the recipient of a large drop in short interest in February. As of February 27th, there was short interest totaling 24,034 shares, a drop of 74.7% from the February 12th total of 94,977 shares. Based on an average daily volume of 39,186 shares, the short-interest ratio is currently 0.6 days. Approximately 0.4% of the shares of the stock are short sold. Approximately 0.4% of the shares of the stock are short sold. Based on an average daily volume of 39,186 shares, the short-interest ratio is currently 0.6 days.

Institutional Trading of First Trust Indxx Global Natural Resources Income ETF

Institutional investors have recently modified their holdings of the stock. International Assets Investment Management LLC acquired a new position in shares of First Trust Indxx Global Natural Resources Income ETF in the 4th quarter valued at approximately $25,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of First Trust Indxx Global Natural Resources Income ETF during the 2nd quarter valued at $25,000. Comerica Bank boosted its stake in shares of First Trust Indxx Global Natural Resources Income ETF by 120.0% during the first quarter. Comerica Bank now owns 5,500 shares of the company’s stock valued at $73,000 after purchasing an additional 3,000 shares in the last quarter. CWM LLC boosted its position in First Trust Indxx Global Natural Resources Income ETF by 309.8% during the 3rd quarter. CWM LLC now owns 11,156 shares of the company’s stock worth $170,000 after buying an additional 8,434 shares during the period. Finally, FSB Premier Wealth Management Inc. acquired a new position in First Trust Indxx Global Natural Resources Income ETF in the 4th quarter valued at approximately $185,000.

First Trust Indxx Global Natural Resources Income ETF Price Performance

FTRI stock opened at $18.12 on Wednesday. The company has a 50 day moving average price of $17.62 and a 200 day moving average price of $16.03. The stock has a market capitalization of $124.12 million, a PE ratio of 15.66 and a beta of 0.79. First Trust Indxx Global Natural Resources Income ETF has a fifty-two week low of $11.39 and a fifty-two week high of $19.13.

First Trust Indxx Global Natural Resources Income ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Stockholders of record on Friday, December 12th were given a dividend of $0.1115 per share. This is an increase from First Trust Indxx Global Natural Resources Income ETF’s previous quarterly dividend of $0.08. This represents a $0.45 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Friday, December 12th.

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.