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

First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) saw a significant decline in short interest in the month of February. As of February 27th, there was short interest totaling 24,034 shares, a decline of 74.7% from the February 12th total of 94,977 shares. Based on an average trading volume of 39,186 shares, the short-interest ratio is currently 0.6 days. Currently, 0.4% of the shares of the company are short sold. Currently, 0.4% of the shares of the company are short sold. Based on an average trading volume of 39,186 shares, the short-interest ratio is currently 0.6 days.

First Trust Indxx Global Natural Resources Income ETF Stock Down 0.9%

Shares of First Trust Indxx Global Natural Resources Income ETF stock traded down $0.16 on Friday, hitting $18.16. The stock had a trading volume of 8,750 shares, compared to its average volume of 59,819. The stock has a market cap of $124.40 million, a price-to-earnings ratio of 15.66 and a beta of 0.79. First Trust Indxx Global Natural Resources Income ETF has a twelve month low of $11.39 and a twelve month high of $19.13. The business’s 50 day moving average is $17.72 and its two-hundred day moving average is $16.06.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FTRI. Benjamin Edwards Inc. acquired a new stake in First Trust Indxx Global Natural Resources Income ETF during the third quarter worth about $1,625,000. Bank of America Corp DE raised its position in shares of First Trust Indxx Global Natural Resources Income ETF by 86.2% in the 3rd quarter. Bank of America Corp DE now owns 196,911 shares of the company’s stock valued at $2,992,000 after buying an additional 91,175 shares in the last quarter. Royal Bank of Canada lifted its holdings in shares of First Trust Indxx Global Natural Resources Income ETF by 12.8% during the 4th quarter. Royal Bank of Canada now owns 679,252 shares of the company’s stock worth $10,643,000 after acquiring an additional 77,269 shares during the period. US Bancorp DE lifted its holdings in shares of First Trust Indxx Global Natural Resources Income ETF by 12,108.5% during the 3rd quarter. US Bancorp DE now owns 65,926 shares of the company’s stock worth $1,002,000 after acquiring an additional 65,386 shares during the period. Finally, Flow Traders U.S. LLC boosted its position 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 acquiring an additional 56,640 shares in 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.