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 recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 14,690 shares, a decrease of 48.2% from the April 15th total of 28,364 shares. Based on an average daily trading volume, of 59,749 shares, the short-interest ratio is currently 0.2 days. Approximately 0.2% of the company’s stock are short sold.

First Trust Indxx Global Natural Resources Income ETF Price Performance

NASDAQ:FTRI traded down $0.04 during mid-day trading on Monday, reaching $17.10. The stock had a trading volume of 22,579 shares, compared to its average volume of 51,074. The business’s 50 day moving average is $17.82 and its 200 day moving average is $16.89. First Trust Indxx Global Natural Resources Income ETF has a fifty-two week low of $13.39 and a fifty-two week high of $19.13. The stock has a market cap of $131.67 million, a P/E ratio of 15.66 and a beta of 0.58.

First Trust Indxx Global Natural Resources Income ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a $0.0666 dividend. The ex-dividend date was Thursday, March 26th. This represents a $0.27 dividend on an annualized basis and a yield of 1.6%.

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

A number of hedge funds have recently added to or reduced their stakes in FTRI. Bank of America Corp DE increased its holdings in 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 worth $2,992,000 after buying an additional 91,175 shares during the last quarter. Royal Bank of Canada raised its position in shares of First Trust Indxx Global Natural Resources Income ETF by 12.8% in the fourth quarter. Royal Bank of Canada now owns 679,252 shares of the company’s stock valued at $10,643,000 after purchasing an additional 77,269 shares during the period. US Bancorp DE raised its position in shares of First Trust Indxx Global Natural Resources Income ETF by 12,108.5% in the third quarter. US Bancorp DE now owns 65,926 shares of the company’s stock valued at $1,002,000 after purchasing an additional 65,386 shares during the period. Flow Traders U.S. LLC grew its stake in shares of First Trust Indxx Global Natural Resources Income ETF by 65.6% in the third quarter. Flow Traders U.S. LLC now owns 142,937 shares of the company’s stock worth $2,172,000 after acquiring an additional 56,640 shares during the last quarter. Finally, Security National Bank grew its stake in shares of First Trust Indxx Global Natural Resources Income ETF by 10,845.2% in the fourth quarter. Security National Bank now owns 43,343 shares of the company’s stock worth $679,000 after acquiring an additional 42,947 shares during the last quarter.

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.