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 target of a significant drop in short interest in April. As of April 30th, there was short interest totaling 14,690 shares, a drop of 48.2% from the April 15th total of 28,364 shares. Based on an average daily trading volume, of 59,749 shares, the days-to-cover ratio is presently 0.2 days. Currently, 0.2% of the shares of the company are sold short.

First Trust Indxx Global Natural Resources Income ETF Trading Down 3.0%

FTRI stock traded down $0.53 during midday trading on Friday, hitting $17.14. The stock had a trading volume of 137,915 shares, compared to its average volume of 51,382. The firm has a market capitalization of $131.98 million, a price-to-earnings ratio of 15.66 and a beta of 0.58. First Trust Indxx Global Natural Resources Income ETF has a 52 week low of $13.31 and a 52 week high of $19.13. The stock has a 50-day simple moving average of $17.82 and a 200 day simple moving average of $16.89.

First Trust Indxx Global Natural Resources Income ETF Cuts Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. International Assets Investment Management LLC bought a new position in shares of First Trust Indxx Global Natural Resources Income ETF in the fourth quarter valued at about $25,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of First Trust Indxx Global Natural Resources Income ETF during the 2nd quarter worth about $25,000. Comerica Bank grew its position in shares of First Trust Indxx Global Natural Resources Income ETF by 120.0% during the 1st quarter. Comerica Bank now owns 5,500 shares of the company’s stock worth $73,000 after buying an additional 3,000 shares during the period. FSB Premier Wealth Management Inc. acquired a new position in shares of First Trust Indxx Global Natural Resources Income ETF in the 4th quarter valued at approximately $185,000. Finally, Holos Integrated Wealth LLC acquired a new position in shares of First Trust Indxx Global Natural Resources Income ETF in the 4th quarter valued at approximately $214,000.

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.