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 recipient of a significant increase in short interest in the month of March. As of March 31st, there was short interest totaling 42,639 shares, an increase of 54.3% from the March 15th total of 27,641 shares. Currently, 0.6% of the shares of the stock are sold short. Based on an average trading volume of 32,346 shares, the short-interest ratio is presently 1.3 days.

First Trust Indxx Global Natural Resources Income ETF Stock Down 1.1%

NASDAQ:FTRI opened at $18.13 on Thursday. The business’s 50-day moving average price is $18.06 and its 200 day moving average price is $16.53. The firm has a market cap of $135.98 million, a P/E ratio of 15.66 and a beta of 0.66. First Trust Indxx Global Natural Resources Income ETF has a 52-week low of $12.84 and a 52-week 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 Tuesday, March 31st. Investors of record on Thursday, March 26th were issued a dividend of $0.0666 per share. This represents a $0.27 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date of this dividend was Thursday, March 26th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. US Bancorp DE grew its holdings in First Trust Indxx Global Natural Resources Income ETF by 12,108.5% during the third quarter. US Bancorp DE now owns 65,926 shares of the company’s stock worth $1,002,000 after acquiring an additional 65,386 shares during the period. Benjamin Edwards Inc. acquired a new position in shares of First Trust Indxx Global Natural Resources Income ETF in the 3rd quarter valued at $1,625,000. 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 $185,000. Waterfront Wealth Inc. boosted its position in shares of First Trust Indxx Global Natural Resources Income ETF by 121.3% in the 4th quarter. Waterfront Wealth Inc. now owns 24,015 shares of the company’s stock valued at $376,000 after purchasing an additional 13,165 shares during the period. Finally, Brookstone Capital Management boosted its position in shares of First Trust Indxx Global Natural Resources Income ETF by 21.8% in the 4th quarter. Brookstone Capital Management now owns 23,405 shares of the company’s stock valued at $367,000 after purchasing an additional 4,193 shares during the period.

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.