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

First Trust Indxx Global Agriculture ETF (NASDAQ:FTAG) was the recipient of a significant 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 currently 0.0 days. Currently, 0.1% of the shares of the company are short sold.

Hedge Funds Weigh In On First Trust Indxx Global Agriculture ETF

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Flow Traders U.S. LLC raised 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 valued at $1,163,000 after purchasing an additional 10,056 shares during the period. Commonwealth Equity Services LLC increased its holdings in shares of First Trust Indxx Global Agriculture ETF by 14.1% in 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 period. Virtu Financial LLC lifted its position in shares of 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 valued at $345,000 after buying an additional 1,007 shares during the last quarter. Finally, Jane Street Group LLC acquired a new stake in shares of First Trust Indxx Global Agriculture ETF in the 2nd quarter worth $305,000.

First Trust Indxx Global Agriculture ETF Trading Up 0.2%

FTAG stock traded up $0.05 during midday trading on Friday, reaching $28.85. 2,355 shares of the company’s stock traded hands, compared to its average volume of 7,409. First Trust Indxx Global Agriculture ETF has a 52-week low of $24.98 and a 52-week high of $31.13. The stock has a market cap of $15.58 million, a P/E ratio of 22.24 and a beta of 0.66. The stock’s 50-day moving average is $29.23 and its 200 day moving average is $28.71.

First Trust Indxx Global Agriculture ETF Increases Dividend

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

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.