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

First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) was the target of a significant decrease in short interest during the month of July. As of July 15th, there was short interest totaling 6,632 shares, a decrease 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 volume of 85,421 shares, the days-to-cover ratio is currently 0.1 days.

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

Hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada lifted its position in shares of First Trust Indxx Global Natural Resources Income ETF by 19.3% in the first quarter. Royal Bank of Canada now owns 810,328 shares of the company’s stock valued at $14,464,000 after acquiring an additional 131,076 shares in the last quarter. Bank of America Corp DE increased its position in 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 purchasing an additional 91,175 shares in the last quarter. Flow Traders U.S. LLC raised its stake 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 valued at $2,172,000 after purchasing an additional 56,640 shares during the last quarter. D.A. Davidson & CO. raised its stake in First Trust Indxx Global Natural Resources Income ETF by 6.0% in the 1st quarter. D.A. Davidson & CO. now owns 79,567 shares of the company’s stock valued at $1,420,000 after purchasing an additional 4,539 shares during the last quarter. Finally, Modern Wealth Management LLC lifted its holdings in First Trust Indxx Global Natural Resources Income ETF by 7.2% in the 2nd quarter. Modern Wealth Management LLC now owns 47,423 shares of the company’s stock valued at $675,000 after purchasing an additional 3,201 shares in the last quarter.

First Trust Indxx Global Natural Resources Income ETF Price Performance

Shares of FTRI opened at $16.57 on Friday. The firm has a 50 day simple moving average of $16.52 and a 200-day simple moving average of $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 stock has a market cap of $123.45 million, a price-to-earnings 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 issued a dividend of $0.0945 per share. This is a boost from First Trust Indxx Global Natural Resources Income ETF’s previous quarterly dividend of $0.07. The ex-dividend date was Thursday, June 25th. This represents a $0.38 dividend on an annualized basis and a yield of 2.3%.

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.