Short Interest in First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) Increases By 68.3%

First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) was the target of a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 94,977 shares, a growth of 68.3% from the January 29th total of 56,417 shares. Approximately 1.4% of the company’s stock are short sold. Based on an average daily volume of 72,019 shares, the short-interest ratio is currently 1.3 days. Based on an average daily volume of 72,019 shares, the short-interest ratio is currently 1.3 days. Approximately 1.4% of the company’s stock are short sold.

First Trust Indxx Global Natural Resources Income ETF Trading Up 1.1%

Shares of FTRI traded up $0.22 during mid-day trading on Friday, hitting $19.05. The company’s stock had a trading volume of 54,776 shares, compared to its average volume of 60,928. The company’s 50-day moving average is $17.26 and its 200-day moving average is $15.84. First Trust Indxx Global Natural Resources Income ETF has a 52-week low of $11.39 and a 52-week high of $19.06. The firm has a market capitalization of $130.46 million, a price-to-earnings ratio of 15.66 and a beta of 0.79.

First Trust Indxx Global Natural Resources Income ETF Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, December 31st. Shareholders of record on Friday, December 12th were issued a dividend of $0.1115 per share. This is an increase from First Trust Indxx Global Natural Resources Income ETF’s previous quarterly dividend of $0.08. This represents a $0.45 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Friday, December 12th.

Institutional Inflows and Outflows

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% during the 1st quarter. Comerica Bank now owns 5,500 shares of the company’s stock worth $73,000 after purchasing an additional 3,000 shares during the last quarter. Walkner Condon Financial Advisors LLC lifted its position in shares of First Trust Indxx Global Natural Resources Income ETF by 9.3% during the second quarter. Walkner Condon Financial Advisors LLC now owns 19,180 shares of the company’s stock valued at $273,000 after buying an additional 1,630 shares during the last quarter. Rockefeller Capital Management L.P. boosted its holdings in shares of First Trust Indxx Global Natural Resources Income ETF by 43.4% in the 2nd quarter. Rockefeller Capital Management L.P. now owns 26,449 shares of the company’s stock valued at $376,000 after buying an additional 8,002 shares in the last quarter. Lauer Wealth LLC purchased a new position in shares of First Trust Indxx Global Natural Resources Income ETF in the 2nd quarter worth approximately $463,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new position in shares of First Trust Indxx Global Natural Resources Income ETF in the 2nd quarter worth approximately $25,000.

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. 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.