Short Interest in First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) Increases By 412.0%

First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) saw a significant growth in short interest in July. As of July 31st, there was short interest totaling 33,956 shares, a growth of 412.0% from the July 15th total of 6,632 shares. Based on an average daily volume of 19,391 shares, the days-to-cover ratio is currently 1.8 days. Currently, 0.5% of the company’s stock are sold short.

First Trust Indxx Global Natural Resources Income ETF Price Performance

FTRI stock traded up $0.12 during midday trading on Friday, hitting $17.51. The stock had a trading volume of 717 shares, compared to its average volume of 47,118. The business has a 50-day moving average of $16.52 and a two-hundred day moving average of $17.36. The firm has a market cap of $130.45 million, a price-to-earnings ratio of 15.66 and a beta of 0.58. First Trust Indxx Global Natural Resources Income ETF has a 52-week low of $14.38 and a 52-week high of $19.13.

First Trust Indxx Global Natural Resources Income ETF Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Thursday, June 25th were given a $0.0945 dividend. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $0.38 dividend on an annualized basis and a dividend yield of 2.2%. This is a boost from First Trust Indxx Global Natural Resources Income ETF’s previous quarterly dividend of $0.07.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Focus Financial Network Inc. boosted its stake in First Trust Indxx Global Natural Resources Income ETF by 4.3% during the second quarter. Focus Financial Network Inc. now owns 19,894 shares of the company’s stock worth $316,000 after acquiring an additional 821 shares in the last quarter. Crumly & Associates Inc. lifted its holdings 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 valued at $360,000 after purchasing an additional 6,821 shares during the last quarter. Western Wealth Management LLC bought a new stake in shares of First Trust Indxx Global Natural Resources Income ETF in the 1st quarter worth approximately $62,000. Royal Bank of Canada boosted 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 worth $14,464,000 after purchasing an additional 131,076 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its position 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 worth $1,420,000 after purchasing an additional 4,539 shares in the last quarter.

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.