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

First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) saw a large decrease in short interest in the month of September. As of September 15th, there was short interest totaling 10,179 shares, a decrease of 39.1% from the August 31st total of 16,708 shares. Based on an average daily volume of 17,040 shares, the days-to-cover ratio is currently 0.6 days. Approximately 0.1% of the company’s stock are sold short.

First Trust Indxx Global Natural Resources Income ETF Price Performance

FTRI stock opened at $16.62 on Friday. The business’s 50-day moving average is $17.72 and its two-hundred day moving average is $17.34. The firm has a market capitalization of $116.34 million, a P/E ratio of 15.66 and a beta of 0.59. First Trust Indxx Global Natural Resources Income ETF has a 1 year low of $14.45 and a 1 year high of $19.13.

First Trust Indxx Global Natural Resources Income ETF Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a $0.0799 dividend. This represents a $0.32 annualized dividend and a yield of 1.9%. This is a negative change from First Trust Indxx Global Natural Resources Income ETF’s previous quarterly dividend of $0.0945. The ex-dividend date of this dividend was Thursday, September 24th.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada increased its position in shares of First Trust Indxx Global Natural Resources Income ETF by 19.3% in the 1st quarter. Royal Bank of Canada now owns 810,328 shares of the company’s stock valued at $14,464,000 after purchasing an additional 131,076 shares during the last quarter. D.A. Davidson & CO. raised its holdings in shares of First Trust Indxx Global Natural Resources Income ETF by 6.0% in the 1st quarter. D.A. Davidson & CO. now owns 79,567 shares of the company’s stock valued at $1,420,000 after purchasing an additional 4,539 shares in the last quarter. Manchester Financial Inc. lifted its position in shares of First Trust Indxx Global Natural Resources Income ETF by 104.0% during the 1st quarter. Manchester Financial Inc. now owns 39,024 shares of the company’s stock worth $697,000 after purchasing an additional 19,898 shares during the last quarter. Integrated Wealth Concepts LLC lifted its position in shares of First Trust Indxx Global Natural Resources Income ETF by 46.1% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 37,344 shares of the company’s stock worth $593,000 after purchasing an additional 11,791 shares during the last quarter. Finally, Crumly & Associates Inc. grew its stake in shares of First Trust Indxx Global Natural Resources Income ETF by 43.0% during the second quarter. Crumly & Associates Inc. now owns 22,683 shares of the company’s stock worth $360,000 after purchasing an additional 6,821 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.