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

First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) was the target of a significant drop in short interest in January. As of January 15th, there was short interest totalling 10,200 shares, a drop of 72.5% from the December 31st total of 37,100 shares. Based on an average daily trading volume, of 55,500 shares, the days-to-cover ratio is currently 0.2 days.

First Trust Indxx Global Natural Resources Income ETF Stock Performance

First Trust Indxx Global Natural Resources Income ETF stock traded up $0.09 during midday trading on Wednesday, reaching $12.59. The stock had a trading volume of 13,882 shares, compared to its average volume of 64,166. The firm’s fifty day simple moving average is $12.55 and its 200-day simple moving average is $13.00. The stock has a market capitalization of $104.50 million, a P/E ratio of 6.13 and a beta of 0.94. First Trust Indxx Global Natural Resources Income ETF has a 1-year low of $11.79 and a 1-year high of $14.12.

First Trust Indxx Global Natural Resources Income ETF Increases Dividend

The firm also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Friday, December 13th were paid a $0.1047 dividend. This is a positive change from First Trust Indxx Global Natural Resources Income ETF’s previous dividend of $0.06. The ex-dividend date was Friday, December 13th.

Institutional Investors Weigh In On First Trust Indxx Global Natural Resources Income ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cherry Creek Investment Advisors Inc. acquired a new stake in shares of First Trust Indxx Global Natural Resources Income ETF in the third quarter valued at about $195,000. Focus Financial Network Inc. boosted its position in First Trust Indxx Global Natural Resources Income ETF by 10.9% during the fourth quarter. Focus Financial Network Inc. now owns 17,642 shares of the company’s stock worth $212,000 after purchasing an additional 1,730 shares during the period. Global Assets Advisory LLC acquired a new position in First Trust Indxx Global Natural Resources Income ETF in the 3rd quarter valued at about $260,000. Koshinski Asset Management Inc. increased its stake in shares of First Trust Indxx Global Natural Resources Income ETF by 3.2% during the fourth quarter. Koshinski Asset Management Inc. now owns 29,131 shares of the company’s stock worth $350,000 after purchasing an additional 914 shares during the period. Finally, Columbia Advisory Partners LLC increased its position in First Trust Indxx Global Natural Resources Income ETF by 6.6% during the 4th quarter. Columbia Advisory Partners LLC now owns 29,642 shares of the company’s stock worth $356,000 after buying an additional 1,836 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.