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

First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) was the recipient of a significant drop in short interest in the month of June. As of June 30th, there was short interest totaling 9,730 shares, a drop of 41.8% from the June 15th total of 16,709 shares. Based on an average daily volume of 25,622 shares, the days-to-cover ratio is currently 0.4 days. Approximately 0.1% of the shares of the company are short sold.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in FTRI. Royal Bank of Canada raised its holdings in First Trust Indxx Global Natural Resources Income ETF by 19.3% during the first quarter. Royal Bank of Canada now owns 810,328 shares of the company’s stock worth $14,464,000 after purchasing an additional 131,076 shares during the last quarter. Bank of America Corp DE grew its holdings in First Trust Indxx Global Natural Resources Income ETF by 86.2% in the third quarter. Bank of America Corp DE now owns 196,911 shares of the company’s stock valued at $2,992,000 after purchasing an additional 91,175 shares during the last quarter. Flow Traders U.S. LLC grew its holdings in First Trust Indxx Global Natural Resources Income ETF by 65.6% in the third quarter. Flow Traders U.S. LLC now owns 142,937 shares of the company’s stock valued at $2,172,000 after purchasing an additional 56,640 shares during the last quarter. Security National Bank grew its holdings in First Trust Indxx Global Natural Resources Income ETF by 10,845.2% in the fourth quarter. Security National Bank now owns 43,343 shares of the company’s stock valued at $679,000 after purchasing an additional 42,947 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new position in shares of First Trust Indxx Global Natural Resources Income ETF in the third quarter valued at $313,000.

First Trust Indxx Global Natural Resources Income ETF Stock Up 0.7%

NASDAQ:FTRI traded up $0.11 during midday trading on Friday, reaching $16.17. The stock had a trading volume of 6,329 shares, compared to its average volume of 48,835. The stock has a market cap of $120.47 million, a P/E ratio of 15.66 and a beta of 0.58. The firm has a fifty day simple moving average of $16.68 and a two-hundred day simple moving average of $17.32. First Trust Indxx Global Natural Resources Income ETF has a 12-month low of $14.06 and a 12-month high of $19.13.

First Trust Indxx Global Natural Resources Income ETF Increases Dividend

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

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.