First Trust Indxx Global Agriculture ETF (NASDAQ:FTAG) Sees Significant Decline in Short Interest

First Trust Indxx Global Agriculture ETF (NASDAQ:FTAG) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totaling 615 shares, a decrease of 88.9% from the May 31st total of 5,528 shares. Based on an average daily trading volume, of 19,579 shares, the short-interest ratio is presently 0.0 days. Approximately 0.1% of the shares of the stock are short sold.

Hedge Funds Weigh In On First Trust Indxx Global Agriculture ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC bought a new stake in First Trust Indxx Global Agriculture ETF during the second quarter worth about $305,000. Flow Traders U.S. LLC boosted its holdings in shares of First Trust Indxx Global Agriculture ETF by 28.8% in the 3rd quarter. Flow Traders U.S. LLC now owns 45,012 shares of the company’s stock worth $1,163,000 after acquiring an additional 10,056 shares in the last quarter. Commonwealth Equity Services LLC grew its position in First Trust Indxx Global Agriculture ETF by 14.1% during the 4th quarter. Commonwealth Equity Services LLC now owns 29,225 shares of the company’s stock worth $768,000 after acquiring an additional 3,615 shares during the last quarter. Finally, Virtu Financial LLC increased its holdings in First Trust Indxx Global Agriculture ETF by 8.1% during the 3rd quarter. Virtu Financial LLC now owns 13,365 shares of the company’s stock valued at $345,000 after purchasing an additional 1,007 shares in the last quarter.

First Trust Indxx Global Agriculture ETF Trading Up 0.1%

FTAG stock traded up $0.02 during trading on Friday, hitting $28.82. The company had a trading volume of 2,360 shares, compared to its average volume of 7,410. The company has a fifty day moving average price of $29.21 and a two-hundred day moving average price of $28.71. First Trust Indxx Global Agriculture ETF has a fifty-two week low of $24.98 and a fifty-two week high of $31.13. The company has a market cap of $15.56 million, a P/E ratio of 22.24 and a beta of 0.66.

First Trust Indxx Global Agriculture ETF Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th will be issued a $0.1798 dividend. This represents a $0.72 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend is Thursday, June 25th. This is a positive change from First Trust Indxx Global Agriculture ETF’s previous quarterly dividend of $0.03.

About First Trust Indxx Global Agriculture ETF

First Trust ISE Global Platinum Index Fund (the Fund) seeks investment results that correspond generally to the price and yield of the ISE Global Platinum Index (the Index). The Fund will normally invest at least 90% of its net assets in securities that comprise the Index or in depositary receipts representing foreign securities in the Index. The Index is designed to provide a benchmark for investors interested in tracking public companies that are active in platinum group metals (PGM) mining based on revenue analysis of those companies.