First Trust Equity Market Neutral ETF (NYSEARCA:NTRL) Stock Short Interest Declines 52.1%

First Trust Equity Market Neutral ETF (NYSEARCA:NTRL) was the target of a large decline in short interest in the month of October. As of October 15th, there was short interest totaling 6,472 shares, a decline of 52.1% from the September 30th total of 13,498 shares. Approximately 0.9% of the company’s shares are short sold. Based on an average daily volume of 2,587 shares, the days-to-cover ratio is presently 2.5 days.

First Trust Equity Market Neutral ETF Stock Down 0.7%

NYSEARCA NTRL traded down $0.14 during trading on Friday, hitting $20.93. The company had a trading volume of 6,218 shares, compared to its average volume of 15,703. First Trust Equity Market Neutral ETF has a one year low of $19.88 and a one year high of $22.89. The company’s fifty day moving average is $21.13 and its 200-day moving average is $24.25.

About First Trust Equity Market Neutral ETF

The Global X Carbon Credits Strategy ETF (NTRL) is an exchange-traded fund that is based on the ICE Global Carbon Futures index. The fund seeks to track a carbon credit futures index that weights holdings based on total dollar volume. The fund holds December futures contracts from four cap-and-trade programs. NTRL was launched on May 24, 2023 and is managed by Global X.