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

First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) was the target of a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 6,700 shares, a decline of 36.2% from the September 30th total of 10,500 shares. Approximately 0.1% of the shares of the company are sold short. Based on an average daily volume of 43,100 shares, the short-interest ratio is presently 0.2 days. Based on an average daily volume of 43,100 shares, the short-interest ratio is presently 0.2 days. Approximately 0.1% of the shares of the company are sold short.

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

Several institutional investors and hedge funds have recently made changes to their positions in the business. Envestnet Asset Management Inc. raised its stake in First Trust Indxx Global Natural Resources Income ETF by 8.7% during the first quarter. Envestnet Asset Management Inc. now owns 135,765 shares of the company’s stock worth $1,798,000 after acquiring an additional 10,871 shares during the period. CWM LLC lifted its position in shares of First Trust Indxx Global Natural Resources Income ETF by 192.7% during the 1st quarter. CWM LLC now owns 2,722 shares of the company’s stock valued at $36,000 after acquiring an additional 1,792 shares during the last quarter. D.A. Davidson & CO. increased its position in shares of First Trust Indxx Global Natural Resources Income ETF by 8.0% in the second quarter. D.A. Davidson & CO. now owns 69,330 shares of the company’s stock worth $987,000 after acquiring an additional 5,137 shares in the last quarter. Crumly & Associates Inc. purchased a new stake in First Trust Indxx Global Natural Resources Income ETF in the 2nd quarter worth about $249,000. Finally, OLD Mission Capital LLC increased its stake in shares of First Trust Indxx Global Natural Resources Income ETF by 191.7% in the first quarter. OLD Mission Capital LLC now owns 107,566 shares of the company’s stock worth $1,424,000 after acquiring an additional 70,687 shares during the last quarter.

First Trust Indxx Global Natural Resources Income ETF Trading Down 0.7%

Shares of FTRI stock traded down $0.10 during trading hours on Monday, hitting $14.70. The company’s stock had a trading volume of 15,590 shares, compared to its average volume of 47,261. The stock has a market cap of $97.02 million, a price-to-earnings ratio of 15.66 and a beta of 0.79. The business has a fifty day moving average of $15.13 and a 200-day moving average of $14.41. First Trust Indxx Global Natural Resources Income ETF has a twelve month low of $11.39 and a twelve month high of $15.58.

First Trust Indxx Global Natural Resources Income ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 30th. Shareholders of record on Thursday, September 25th were given a $0.0754 dividend. The ex-dividend date of this dividend was Thursday, September 25th. This represents a $0.30 annualized dividend and a yield of 2.1%.

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.