Short Interest in First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) Rises By 296.6%

First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) was the recipient of a large growth in short interest during the month of December. As of December 15th, there was short interest totaling 89,365 shares, a growth of 296.6% from the November 30th total of 22,533 shares. Currently, 1.4% of the company’s shares are sold short. Based on an average daily trading volume, of 32,746 shares, the short-interest ratio is presently 2.7 days. Based on an average daily trading volume, of 32,746 shares, the short-interest ratio is presently 2.7 days. Currently, 1.4% of the company’s shares are sold short.

First Trust Indxx Global Natural Resources Income ETF Price Performance

Shares of FTRI stock traded down $0.01 on Thursday, reaching $15.87. 16,411 shares of the stock were exchanged, compared to its average volume of 44,053. First Trust Indxx Global Natural Resources Income ETF has a one year low of $11.39 and a one year high of $15.89. The stock has a market cap of $104.71 million, a PE ratio of 15.66 and a beta of 0.79. The stock has a 50 day moving average price of $15.16 and a 200 day moving average price of $14.87.

First Trust Indxx Global Natural Resources Income ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th will be issued a dividend of $0.1115 per share. The ex-dividend date of this dividend is Friday, December 12th. This represents a $0.45 annualized dividend and a yield of 2.8%. This is an increase from First Trust Indxx Global Natural Resources Income ETF’s previous quarterly dividend of $0.08.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Comerica Bank lifted its holdings in First Trust Indxx Global Natural Resources Income ETF by 120.0% in the first quarter. Comerica Bank now owns 5,500 shares of the company’s stock valued at $73,000 after buying an additional 3,000 shares during the period. OLD Mission Capital LLC raised its position in shares of First Trust Indxx Global Natural Resources Income ETF by 191.7% during the 1st quarter. OLD Mission Capital LLC now owns 107,566 shares of the company’s stock valued at $1,424,000 after acquiring an additional 70,687 shares during the last quarter. Crumly & Associates Inc. acquired a new position in First Trust Indxx Global Natural Resources Income ETF in the second quarter valued at about $249,000. Atria Wealth Solutions Inc. grew its position in shares of First Trust Indxx Global Natural Resources Income ETF by 23.8% during the 2nd quarter. Atria Wealth Solutions Inc. now owns 25,873 shares of the company’s stock worth $368,000 after buying an additional 4,978 shares during the period. Finally, D.A. Davidson & CO. grew its position in shares of First Trust Indxx Global Natural Resources Income ETF by 8.0% during the 2nd quarter. D.A. Davidson & CO. now owns 69,330 shares of the company’s stock worth $987,000 after buying an additional 5,137 shares during the period.

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. 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.