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

First Trust Indxx Global Agriculture ETF (NASDAQ:FTAG) was the target of a significant decrease in short interest in the month of June. As of June 15th, there was short interest totaling 615 shares, a decrease of 88.9% from the May 31st total of 5,528 shares. Based on an average daily volume of 19,579 shares, the short-interest ratio is presently 0.0 days. Currently, 0.1% of the shares of the company are sold short.

Institutional Investors Weigh In On First Trust Indxx Global Agriculture ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in FTAG. Flow Traders U.S. LLC boosted 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 worth $1,163,000 after purchasing an additional 10,056 shares during the period. Commonwealth Equity Services LLC raised its position in shares of First Trust Indxx Global Agriculture ETF by 14.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 29,225 shares of the company’s stock valued at $768,000 after purchasing an additional 3,615 shares during the period. Virtu Financial LLC raised its position in shares of First Trust Indxx Global Agriculture ETF by 8.1% in the third quarter. Virtu Financial LLC now owns 13,365 shares of the company’s stock valued at $345,000 after purchasing an additional 1,007 shares during the period. Finally, Jane Street Group LLC purchased a new stake in shares of First Trust Indxx Global Agriculture ETF during the 2nd quarter valued at approximately $305,000.

First Trust Indxx Global Agriculture ETF Stock Performance

NASDAQ:FTAG traded up $0.02 during trading hours on Friday, reaching $28.82. The stock had a trading volume of 2,360 shares, compared to its average volume of 7,410. The stock has a market cap of $15.56 million, a P/E ratio of 22.24 and a beta of 0.66. The stock has a 50 day simple moving average of $29.21 and a 200 day simple moving average of $28.71. First Trust Indxx Global Agriculture ETF has a 12-month low of $24.98 and a 12-month high of $31.13.

First Trust Indxx Global Agriculture ETF Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be paid a dividend of $0.1798 per share. This represents a $0.72 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Thursday, June 25th. This is a positive change 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.