Short Interest in First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) Rises By 412.0%

First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) was the recipient of a significant growth in short interest in the month of July. As of July 31st, there was short interest totaling 33,956 shares, a growth of 412.0% from the July 15th total of 6,632 shares. Approximately 0.5% of the shares of the stock are sold short. Based on an average daily volume of 19,391 shares, the short-interest ratio is presently 1.8 days.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. International Assets Investment Management LLC bought a new position in shares of First Trust Indxx Global Natural Resources Income ETF during the 4th quarter valued at about $25,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of First Trust Indxx Global Natural Resources Income ETF in the 2nd quarter worth approximately $25,000. Western Wealth Management LLC bought a new stake in shares of First Trust Indxx Global Natural Resources Income ETF in the 1st quarter worth approximately $62,000. Comerica Bank lifted its stake in First Trust Indxx Global Natural Resources Income ETF by 120.0% during 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 last quarter. Finally, FSB Premier Wealth Management Inc. acquired a new stake in First Trust Indxx Global Natural Resources Income ETF during the fourth quarter valued at approximately $185,000.

First Trust Indxx Global Natural Resources Income ETF Stock Up 0.2%

NASDAQ FTRI traded up $0.03 on Wednesday, reaching $17.55. 8,646 shares of the stock traded hands, compared to its average volume of 47,283. First Trust Indxx Global Natural Resources Income ETF has a 12 month low of $14.38 and a 12 month high of $19.13. The company has a market cap of $130.75 million, a price-to-earnings ratio of 15.66 and a beta of 0.58. The firm’s fifty day simple moving average is $16.52 and its 200 day simple moving average is $17.36.

First Trust Indxx Global Natural Resources Income ETF Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were issued a dividend of $0.0945 per share. The ex-dividend date of this dividend was Thursday, June 25th. This is an increase from First Trust Indxx Global Natural Resources Income ETF’s previous quarterly dividend of $0.07. This represents a $0.38 dividend on an annualized basis and a yield of 2.2%.

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.