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

First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) saw a large drop in short interest in the month of August. As of August 14th, there was short interest totaling 22,051 shares, a drop of 35.1% from the July 30th total of 33,956 shares. Approximately 0.3% of the company’s shares are short sold. Based on an average daily trading volume, of 51,276 shares, the short-interest ratio is presently 0.4 days.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Focus Financial Network Inc. lifted its holdings in shares of First Trust Indxx Global Natural Resources Income ETF by 4.3% in the 2nd quarter. Focus Financial Network Inc. now owns 19,894 shares of the company’s stock worth $316,000 after buying an additional 821 shares during the period. Crumly & Associates Inc. increased its stake in shares of First Trust Indxx Global Natural Resources Income ETF by 43.0% during the second quarter. Crumly & Associates Inc. now owns 22,683 shares of the company’s stock valued at $360,000 after buying an additional 6,821 shares during the period. Western Wealth Management LLC purchased a new position in shares of First Trust Indxx Global Natural Resources Income ETF during the first quarter valued at $62,000. Royal Bank of Canada raised 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 acquiring an additional 131,076 shares in the last quarter. Finally, D.A. Davidson & CO. raised its holdings in shares of First Trust Indxx Global Natural Resources Income ETF by 6.0% in the first quarter. D.A. Davidson & CO. now owns 79,567 shares of the company’s stock valued at $1,420,000 after acquiring an additional 4,539 shares in the last quarter.

First Trust Indxx Global Natural Resources Income ETF Stock Performance

Shares of NASDAQ:FTRI opened at $18.36 on Thursday. The firm’s 50 day simple moving average is $17.01 and its 200-day simple moving average is $17.42. First Trust Indxx Global Natural Resources Income ETF has a one year low of $14.45 and a one year high of $19.13. The firm has a market cap of $136.78 million, a PE ratio of 15.66 and a beta of 0.59.

First Trust Indxx Global Natural Resources Income ETF Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Thursday, June 25th were paid a $0.0945 dividend. This represents a $0.38 annualized dividend and a yield of 2.1%. This is an increase from First Trust Indxx Global Natural Resources Income ETF’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend 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.