First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) Short Interest Update

First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) saw a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 33,956 shares, a growth of 412.0% from the July 15th total of 6,632 shares. Based on an average daily volume of 19,391 shares, the days-to-cover ratio is presently 1.8 days. Currently, 0.5% of the shares of the company are short sold.

First Trust Indxx Global Natural Resources Income ETF Stock Performance

Shares of FTRI traded up $0.03 during mid-day trading on Wednesday, reaching $17.55. 8,646 shares of the company’s stock traded hands, compared to its average volume of 47,283. The business’s 50-day moving average price is $16.52 and its 200-day moving average price is $17.36. The stock has a market capitalization of $130.75 million, a P/E ratio of 15.66 and a beta of 0.58. First Trust Indxx Global Natural Resources Income ETF has a 12 month low of $14.38 and a 12 month high of $19.13.

First Trust Indxx Global Natural Resources Income ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were paid a dividend of $0.0945 per share. This represents a $0.38 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Thursday, June 25th. This is an increase from First Trust Indxx Global Natural Resources Income ETF’s previous quarterly dividend of $0.07.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of FTRI. International Assets Investment Management LLC bought a new stake in shares of First Trust Indxx Global Natural Resources Income ETF during the fourth quarter valued at about $25,000. Northwestern Mutual Wealth Management Co. acquired a new position in First Trust Indxx Global Natural Resources Income ETF during the 2nd quarter valued at about $25,000. Western Wealth Management LLC bought a new stake in shares of First Trust Indxx Global Natural Resources Income ETF during the 1st quarter worth about $62,000. Comerica Bank raised its position in shares of First Trust Indxx Global Natural Resources Income ETF by 120.0% during the 1st quarter. Comerica Bank now owns 5,500 shares of the company’s stock worth $73,000 after buying an additional 3,000 shares in the last quarter. Finally, FSB Premier Wealth Management Inc. acquired a new stake in shares of First Trust Indxx Global Natural Resources Income ETF in the 4th quarter worth approximately $185,000.

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.