Short Interest in First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) Drops By 41.8%

First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) saw a large decrease in short interest in June. As of June 30th, there was short interest totaling 9,730 shares, a decrease of 41.8% from the June 15th total of 16,709 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily volume of 25,622 shares, the days-to-cover ratio is currently 0.4 days.

First Trust Indxx Global Natural Resources Income ETF Price Performance

Shares of FTRI traded up $0.11 during trading hours on Friday, hitting $16.17. The stock had a trading volume of 6,329 shares, compared to its average volume of 48,834. First Trust Indxx Global Natural Resources Income ETF has a 1-year low of $14.06 and a 1-year high of $19.13. The firm has a market capitalization of $120.47 million, a P/E ratio of 15.66 and a beta of 0.58. The firm has a 50 day simple moving average of $16.71 and a 200-day simple moving average of $17.33.

First Trust Indxx Global Natural Resources Income ETF Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were issued a $0.0945 dividend. The ex-dividend date was Thursday, June 25th. This is an increase from First Trust Indxx Global Natural Resources Income ETF’s previous quarterly dividend of $0.07. This represents a $0.38 annualized dividend and a yield of 2.3%.

Institutional Investors Weigh In On First Trust Indxx Global Natural Resources Income ETF

Several hedge funds and other institutional investors have recently modified their holdings of the company. Comerica Bank lifted its holdings in shares of First Trust Indxx Global Natural Resources Income ETF by 120.0% in the 1st quarter. Comerica Bank now owns 5,500 shares of the company’s stock worth $73,000 after purchasing an additional 3,000 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in First Trust Indxx Global Natural Resources Income ETF during the 2nd quarter valued at $25,000. Jane Street Group LLC increased its stake in First Trust Indxx Global Natural Resources Income ETF by 80.3% during the 2nd quarter. Jane Street Group LLC now owns 42,626 shares of the company’s stock valued at $607,000 after purchasing an additional 18,981 shares in the last quarter. Bank of America Corp DE increased its stake in First Trust Indxx Global Natural Resources Income ETF by 2.5% during the 2nd quarter. Bank of America Corp DE now owns 105,736 shares of the company’s stock valued at $1,505,000 after purchasing an additional 2,578 shares in the last quarter. Finally, Modern Wealth Management LLC raised its holdings in First Trust Indxx Global Natural Resources Income ETF by 7.2% during the second quarter. Modern Wealth Management LLC now owns 47,423 shares of the company’s stock worth $675,000 after buying an additional 3,201 shares during the last quarter.

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.