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

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

First Trust Indxx Global Natural Resources Income ETF Trading Up 0.4%

FTRI traded up $0.06 on Friday, hitting $15.93. 21,894 shares of the company’s stock traded hands, compared to its average volume of 43,963. The company’s 50 day simple moving average is $15.18 and its 200-day simple moving average is $14.88. First Trust Indxx Global Natural Resources Income ETF has a one year low of $11.39 and a one year high of $16.02. The firm has a market cap of $105.11 million, a price-to-earnings ratio of 15.66 and a beta of 0.79.

First Trust Indxx Global Natural Resources Income ETF Increases Dividend

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

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Flow Traders U.S. LLC boosted its stake in First Trust Indxx Global Natural Resources Income ETF by 65.6% during the third quarter. Flow Traders U.S. LLC now owns 142,937 shares of the company’s stock worth $2,172,000 after buying an additional 56,640 shares during the period. Citadel Advisors LLC purchased a new position in shares of First Trust Indxx Global Natural Resources Income ETF during the 3rd quarter worth about $313,000. Bank of America Corp DE boosted its stake in shares of First Trust Indxx Global Natural Resources Income ETF by 86.2% during the 3rd quarter. Bank of America Corp DE now owns 196,911 shares of the company’s stock worth $2,992,000 after purchasing an additional 91,175 shares during the period. US Bancorp DE grew its holdings in First Trust Indxx Global Natural Resources Income ETF by 12,108.5% during the 3rd quarter. US Bancorp DE now owns 65,926 shares of the company’s stock valued at $1,002,000 after purchasing an additional 65,386 shares during the last quarter. Finally, UMB Bank n.a. purchased a new stake in First Trust Indxx Global Natural Resources Income ETF in the 3rd quarter worth about $253,000.

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.