First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) Sees Significant Drop in Short Interest

First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) was the target of a large drop in short interest in August. As of August 14th, there was short interest totaling 22,051 shares, a drop of 35.1% from the July 30th total of 33,956 shares. Based on an average daily trading volume, of 51,276 shares, the short-interest ratio is currently 0.4 days. Currently, 0.3% of the shares of the stock are short sold.

Hedge Funds Weigh In On First Trust Indxx Global Natural Resources Income ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Focus Financial Network Inc. raised its holdings in First Trust Indxx Global Natural Resources Income ETF by 4.3% during the 2nd quarter. Focus Financial Network Inc. now owns 19,894 shares of the company’s stock valued at $316,000 after buying an additional 821 shares during the period. Crumly & Associates Inc. increased its position in First Trust Indxx Global Natural Resources Income ETF by 43.0% during the second quarter. Crumly & Associates Inc. now owns 22,683 shares of the company’s stock valued at $360,000 after acquiring an additional 6,821 shares during the last quarter. Western Wealth Management LLC bought a new position in First Trust Indxx Global Natural Resources Income ETF during the first quarter valued at $62,000. Royal Bank of Canada increased its position in First Trust Indxx Global Natural Resources Income ETF by 19.3% during the first quarter. Royal Bank of Canada now owns 810,328 shares of the company’s stock valued at $14,464,000 after acquiring an additional 131,076 shares during the last quarter. Finally, D.A. Davidson & CO. raised its stake in shares of First Trust Indxx Global Natural Resources Income ETF by 6.0% in the first quarter. D.A. Davidson & CO. now owns 79,567 shares of the company’s stock valued at $1,420,000 after acquiring an additional 4,539 shares during the period.

First Trust Indxx Global Natural Resources Income ETF Price Performance

Shares of NASDAQ FTRI traded down $0.17 during mid-day trading on Tuesday, hitting $18.22. 28,557 shares of the company’s stock traded hands, compared to its average volume of 45,631. The company’s 50-day moving average is $16.91 and its two-hundred day moving average is $17.42. The company has a market capitalization of $135.74 million, a P/E ratio of 15.66 and a beta of 0.58. First Trust Indxx Global Natural Resources Income ETF has a 1 year low of $14.45 and a 1 year high of $19.13.

First Trust Indxx Global Natural Resources Income ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $0.0945 dividend. This represents a $0.38 annualized dividend and a dividend yield of 2.1%. The ex-dividend date of this dividend was Thursday, June 25th. This is a positive change from First Trust Indxx Global Natural Resources Income ETF’s previous quarterly dividend of $0.07.

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.