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

First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) saw a significant decline in short interest in July. As of July 15th, there was short interest totaling 6,632 shares, a decline of 31.8% from the June 30th total of 9,730 shares. Approximately 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 presently 0.1 days.

First Trust Indxx Global Natural Resources Income ETF Stock Performance

First Trust Indxx Global Natural Resources Income ETF stock opened at $16.72 on Friday. First Trust Indxx Global Natural Resources Income ETF has a fifty-two week low of $14.06 and a fifty-two week high of $19.13. The firm has a market capitalization of $124.56 million, a price-to-earnings ratio of 15.66 and a beta of 0.58. The stock’s fifty day moving average is $16.53 and its two-hundred day moving average is $17.36.

First Trust Indxx Global Natural Resources Income ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were given a $0.0945 dividend. The ex-dividend date was Thursday, June 25th. This represents a $0.38 annualized dividend and a dividend yield of 2.3%. This is a boost from First Trust Indxx Global Natural Resources Income ETF’s previous quarterly dividend of $0.07.

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

Several hedge funds have recently added to or reduced their stakes in FTRI. Royal Bank of Canada lifted its holdings 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 purchasing an additional 131,076 shares in the last quarter. Bank of America Corp DE grew its position in shares of 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 increased its stake in shares of First Trust Indxx Global Natural Resources Income ETF by 65.6% during the 3rd quarter. Flow Traders U.S. LLC now owns 142,937 shares of the company’s stock worth $2,172,000 after purchasing an additional 56,640 shares in the last quarter. Security National Bank increased its stake in shares of First Trust Indxx Global Natural Resources Income ETF by 10,845.2% during the 4th 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. Finally, Citadel Advisors LLC acquired a new position in shares of First Trust Indxx Global Natural Resources Income ETF during the 3rd quarter worth approximately $313,000.

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.