First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) Short Interest Up 54.3% in March

First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) was the target of a large growth in short interest in March. As of March 31st, there was short interest totaling 42,639 shares, a growth of 54.3% from the March 15th total of 27,641 shares. Based on an average daily trading volume, of 32,346 shares, the short-interest ratio is presently 1.3 days. Approximately 0.6% of the shares of the stock are sold short.

First Trust Indxx Global Natural Resources Income ETF Price Performance

Shares of NASDAQ FTRI traded down $0.20 on Wednesday, hitting $18.13. The company’s stock had a trading volume of 33,736 shares, compared to its average volume of 50,971. The stock has a 50 day moving average of $18.06 and a 200-day moving average of $16.53. The company has a market capitalization of $135.98 million, a price-to-earnings ratio of 15.66 and a beta of 0.66. First Trust Indxx Global Natural Resources Income ETF has a 12-month low of $12.84 and a 12-month high of $19.13.

First Trust Indxx Global Natural Resources Income ETF Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Thursday, March 26th were paid a dividend of $0.0666 per share. The ex-dividend date of this dividend was Thursday, March 26th. This represents a $0.27 dividend on an annualized basis and a dividend yield of 1.5%.

Institutional Trading of First Trust Indxx Global Natural Resources Income ETF

A number of hedge funds have recently bought and sold shares of FTRI. International Assets Investment Management LLC acquired a new stake in shares of First Trust Indxx Global Natural Resources Income ETF during the fourth quarter worth $25,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of First Trust Indxx Global Natural Resources Income ETF during the 2nd quarter worth about $25,000. Comerica Bank boosted its position in shares of First Trust Indxx Global Natural Resources Income ETF by 120.0% in the first quarter. Comerica Bank now owns 5,500 shares of the company’s stock worth $73,000 after acquiring an additional 3,000 shares during the last quarter. CWM LLC grew its holdings in First Trust Indxx Global Natural Resources Income ETF by 309.8% in the third quarter. CWM LLC now owns 11,156 shares of the company’s stock valued at $170,000 after purchasing an additional 8,434 shares during the period. Finally, FSB Premier Wealth Management Inc. purchased a new stake in First Trust Indxx Global Natural Resources Income ETF in the fourth quarter valued at approximately $185,000.

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.