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

First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) saw a significant decrease in short interest during the month of January. As of January 30th, there was short interest totaling 56,417 shares, a decrease of 51.4% from the January 15th total of 116,060 shares. Based on an average daily trading volume, of 80,990 shares, the short-interest ratio is currently 0.7 days. Approximately 0.8% of the shares of the stock are short sold. Approximately 0.8% of the shares of the stock are short sold. Based on an average daily trading volume, of 80,990 shares, the short-interest ratio is currently 0.7 days.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Benjamin Edwards Inc. bought a new position in shares of First Trust Indxx Global Natural Resources Income ETF during the 3rd quarter worth approximately $1,625,000. Bank of America Corp DE raised 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 buying an additional 91,175 shares during the period. US Bancorp DE lifted its holdings in First Trust Indxx Global Natural Resources Income ETF by 12,108.5% during the third 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 in the last quarter. Flow Traders U.S. LLC boosted its holdings in First Trust Indxx Global Natural Resources Income ETF by 65.6% in the 3rd 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 last quarter. Finally, Security National Bank increased its position in shares of First Trust Indxx Global Natural Resources Income ETF by 10,845.2% during the fourth quarter. Security National Bank now owns 43,343 shares of the company’s stock worth $679,000 after purchasing an additional 42,947 shares in the last quarter.

First Trust Indxx Global Natural Resources Income ETF Stock Performance

NASDAQ:FTRI traded up $0.21 during trading hours on Friday, reaching $18.20. The stock had a trading volume of 40,804 shares, compared to its average volume of 66,383. The stock has a market capitalization of $124.67 million, a PE ratio of 15.66 and a beta of 0.79. First Trust Indxx Global Natural Resources Income ETF has a 52 week low of $11.39 and a 52 week high of $18.48. The company has a 50 day moving average price of $16.63 and a two-hundred day moving average price of $15.54.

First Trust Indxx Global Natural Resources Income ETF Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were given a dividend of $0.1115 per share. This represents a $0.45 dividend on an annualized basis and a yield of 2.5%. This is a boost from First Trust Indxx Global Natural Resources Income ETF’s previous quarterly dividend of $0.08. The ex-dividend date was Friday, December 12th.

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.