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

First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRIGet Free Report) was the target of a large drop in short interest in the month of July. As of July 15th, there was short interest totaling 6,632 shares, a drop of 31.8% from the June 30th total of 9,730 shares. Currently, 0.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 85,421 shares, the days-to-cover ratio is presently 0.1 days.

First Trust Indxx Global Natural Resources Income ETF Price Performance

First Trust Indxx Global Natural Resources Income ETF stock opened at $16.72 on Friday. The stock’s 50 day moving average price is $16.53 and its 200 day moving average price is $17.36. First Trust Indxx Global Natural Resources Income ETF has a 1-year low of $14.06 and a 1-year high of $19.13. The company has a market cap of $124.56 million, a PE ratio of 15.66 and a beta of 0.58.

First Trust Indxx Global Natural Resources Income ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a dividend of $0.0945 per share. This represents a $0.38 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Thursday, June 25th. This is an increase from First Trust Indxx Global Natural Resources Income ETF’s previous quarterly dividend of $0.07.

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

Institutional investors and hedge funds have recently made changes to their positions in the stock. Comerica Bank lifted its stake in shares of First Trust Indxx Global Natural Resources Income ETF by 120.0% in the first quarter. Comerica Bank now owns 5,500 shares of the company’s stock valued at $73,000 after purchasing an additional 3,000 shares during the period. Northwestern Mutual Wealth Management Co. acquired a new position in First Trust Indxx Global Natural Resources Income ETF during the second quarter worth about $25,000. Jane Street Group LLC grew its position in First Trust Indxx Global Natural Resources Income ETF by 80.3% during the second quarter. Jane Street Group LLC now owns 42,626 shares of the company’s stock worth $607,000 after buying an additional 18,981 shares during the period. Bank of America Corp DE increased its holdings in First Trust Indxx Global Natural Resources Income ETF by 2.5% in the second quarter. Bank of America Corp DE now owns 105,736 shares of the company’s stock valued at $1,505,000 after buying an additional 2,578 shares in the last quarter. Finally, Modern Wealth Management LLC increased its holdings in First Trust Indxx Global Natural Resources Income ETF by 7.2% in the second quarter. Modern Wealth Management LLC now owns 47,423 shares of the company’s stock valued at $675,000 after buying an additional 3,201 shares in the last quarter.

About First Trust Indxx Global Natural Resources Income ETF

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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.

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