First Trust Equity Market Neutral ETF (NYSEARCA:NTRL) Stock Short Interest Drops 52.1%

First Trust Equity Market Neutral ETF (NYSEARCA:NTRL) was the target of a significant decline in short interest in October. As of October 15th, there was short interest totaling 6,472 shares, a decline of 52.1% from the September 30th total of 13,498 shares. Based on an average daily volume of 2,587 shares, the short-interest ratio is presently 2.5 days. Approximately 0.9% of the company’s stock are short sold.

First Trust Equity Market Neutral ETF Stock Performance

First Trust Equity Market Neutral ETF stock traded down $0.14 during midday trading on Friday, hitting $20.93. 6,218 shares of the stock were exchanged, compared to its average volume of 15,703. First Trust Equity Market Neutral ETF has a 1 year low of $19.88 and a 1 year high of $22.89. The company has a 50 day moving average price of $21.13 and a two-hundred day moving average price of $24.25.

First Trust Equity Market Neutral ETF Company Profile

The Global X Carbon Credits Strategy ETF (NTRL) is an exchange-traded fund that is based on the ICE Global Carbon Futures index. The fund seeks to track a carbon credit futures index that weights holdings based on total dollar volume. The fund holds December futures contracts from four cap-and-trade programs. NTRL was launched on May 24, 2023 and is managed by Global X.