Short Interest in First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) Drops By 41.8%

First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) saw a significant decline in short interest in the month of June. As of June 30th, there was short interest totaling 9,730 shares, a decline of 41.8% from the June 15th total of 16,709 shares. Based on an average trading volume of 25,622 shares, the short-interest ratio is currently 0.4 days. Currently, 0.1% of the shares of the company are short sold.

Institutional Investors Weigh In On First Trust Indxx Global Natural Resources Income ETF

Several institutional investors have recently made changes to their positions in FTRI. International Assets Investment Management LLC bought a new position in First Trust Indxx Global Natural Resources Income ETF during the 4th quarter worth $25,000. Northwestern Mutual Wealth Management Co. acquired a new stake in First Trust Indxx Global Natural Resources Income ETF during the second quarter worth about $25,000. Western Wealth Management LLC acquired a new stake in shares of First Trust Indxx Global Natural Resources Income ETF during the 1st quarter worth approximately $62,000. Comerica Bank increased its stake in shares of First Trust Indxx Global Natural Resources Income ETF by 120.0% in the 1st 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 last quarter. Finally, FSB Premier Wealth Management Inc. bought a new position in First Trust Indxx Global Natural Resources Income ETF in the fourth quarter valued at about $185,000.

First Trust Indxx Global Natural Resources Income ETF Price Performance

NASDAQ FTRI traded down $0.19 on Thursday, reaching $16.06. The stock had a trading volume of 11,458 shares, compared to its average volume of 49,145. First Trust Indxx Global Natural Resources Income ETF has a 1-year low of $14.06 and a 1-year high of $19.13. The company has a market cap of $119.65 million, a P/E ratio of 15.66 and a beta of 0.58. The firm has a fifty day moving average of $16.73 and a two-hundred day moving average of $17.33.

First Trust Indxx Global Natural Resources Income ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Thursday, June 25th were given a dividend of $0.0945 per share. This represents a $0.38 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date was Thursday, June 25th. This is a boost from First Trust Indxx Global Natural Resources Income ETF’s previous quarterly dividend of $0.07.

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.