First Trust Indxx Global Agriculture ETF (NASDAQ:FTAG) Sees Large Increase in Short Interest

First Trust Indxx Global Agriculture ETF (NASDAQ:FTAG) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totaling 519 shares, an increase of 270.7% from the July 15th total of 140 shares. Currently, 0.1% of the shares of the stock are sold short. Based on an average trading volume of 2,310 shares, the short-interest ratio is presently 0.2 days.

First Trust Indxx Global Agriculture ETF Trading Up 0.8%

Shares of First Trust Indxx Global Agriculture ETF stock opened at $29.20 on Friday. The company’s 50-day moving average price is $29.02 and its two-hundred day moving average price is $29.35. First Trust Indxx Global Agriculture ETF has a 52 week low of $24.98 and a 52 week high of $31.13. The stock has a market cap of $14.31 million, a PE ratio of 22.24 and a beta of 0.66.

First Trust Indxx Global Agriculture ETF Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were paid a $0.1798 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.72 annualized dividend and a dividend yield of 2.5%. This is an increase from First Trust Indxx Global Agriculture ETF’s previous quarterly dividend of $0.03.

Institutional Trading of First Trust Indxx Global Agriculture ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in FTAG. Commonwealth Equity Services LLC boosted its holdings in First Trust Indxx Global Agriculture ETF by 14.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 29,225 shares of the company’s stock worth $768,000 after buying an additional 3,615 shares in the last quarter. Flow Traders U.S. LLC boosted its stake in shares of First Trust Indxx Global Agriculture ETF by 28.8% during 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. Virtu Financial LLC boosted its stake in shares of 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 worth $345,000 after acquiring an additional 1,007 shares in the last quarter. Finally, Jane Street Group LLC bought a new stake in shares of First Trust Indxx Global Agriculture ETF during the 2nd quarter worth $305,000.

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.