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

First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) saw a large 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. Based on an average daily volume of 19,391 shares, the days-to-cover ratio is currently 1.8 days. Approximately 0.5% of the company’s shares are sold short.

First Trust Indxx Global Natural Resources Income ETF Stock Performance

NASDAQ FTRI traded down $0.18 during trading on Thursday, hitting $17.37. The stock had a trading volume of 64,396 shares, compared to its average volume of 47,380. First Trust Indxx Global Natural Resources Income ETF has a one year low of $14.38 and a one year high of $19.13. The stock has a 50 day simple moving average of $16.52 and a 200 day simple moving average of $17.36. The stock has a market capitalization of $129.41 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were issued a $0.0945 dividend. The ex-dividend date was Thursday, June 25th. This is a positive change from First Trust Indxx Global Natural Resources Income ETF’s previous quarterly dividend of $0.07. This represents a $0.38 annualized dividend and a dividend yield of 2.2%.

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

A number of large investors have recently bought and sold shares of the business. International Assets Investment Management LLC bought a new position in First Trust Indxx Global Natural Resources Income ETF in the 4th quarter valued at $25,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of First Trust Indxx Global Natural Resources Income ETF during the second quarter worth $25,000. Western Wealth Management LLC purchased a new stake in shares of First Trust Indxx Global Natural Resources Income ETF during the first quarter valued at $62,000. Comerica Bank boosted its stake in shares of 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 period. Finally, FSB Premier Wealth Management Inc. bought a new position in shares of First Trust Indxx Global Natural Resources Income ETF in the fourth quarter worth about $185,000.

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.