First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) Stock Short Interest Declines 39.1%

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

Institutional Trading of First Trust Indxx Global Natural Resources Income ETF

A number of large investors have recently added to or reduced their stakes in FTRI. Integrated Wealth Concepts LLC raised its holdings in shares of First Trust Indxx Global Natural Resources Income ETF by 46.1% in 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 period. Focus Financial Network Inc. raised its stake in shares of First Trust Indxx Global Natural Resources Income ETF by 4.3% in the second quarter. Focus Financial Network Inc. now owns 19,894 shares of the company’s stock valued at $316,000 after buying an additional 821 shares during the period. Crumly & Associates Inc. lifted its position in shares of First Trust Indxx Global Natural Resources Income ETF by 43.0% during the 2nd quarter. Crumly & Associates Inc. now owns 22,683 shares of the company’s stock valued at $360,000 after buying an additional 6,821 shares during the last quarter. Western Wealth Management LLC bought a new position in shares of First Trust Indxx Global Natural Resources Income ETF during the 1st quarter worth $62,000. Finally, Royal Bank of Canada grew its stake in shares of First Trust Indxx Global Natural Resources Income ETF by 19.3% during the 1st quarter. Royal Bank of Canada now owns 810,328 shares of the company’s stock worth $14,464,000 after acquiring an additional 131,076 shares during the period.

First Trust Indxx Global Natural Resources Income ETF Stock Down 1.0%

FTRI stock traded down $0.16 during midday trading on Thursday, hitting $16.62. The company’s stock had a trading volume of 5,060 shares, compared to its average volume of 42,124. The stock has a market cap of $116.34 million, a price-to-earnings ratio of 15.66 and a beta of 0.59. The stock’s 50-day moving average price is $17.72 and its 200 day moving average price is $17.35. 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 business also recently declared a quarterly dividend, which was paid on Wednesday, September 30th. Investors of record on Thursday, September 24th were issued a $0.0799 dividend. This is a decrease 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. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.9%.

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.