First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) Short Interest Down 72.5% in December

First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) was the target of a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 10,200 shares, a decline of 72.5% from the December 15th total of 37,100 shares. Based on an average trading volume of 55,500 shares, the days-to-cover ratio is presently 0.2 days.

First Trust Indxx Global Natural Resources Income ETF Stock Performance

Shares of NASDAQ FTRI traded up $0.10 during midday trading on Tuesday, reaching $12.53. 171,759 shares of the company’s stock were exchanged, compared to its average volume of 83,382. The stock has a market capitalization of $104.00 million, a PE ratio of 6.13 and a beta of 0.94. First Trust Indxx Global Natural Resources Income ETF has a 52-week low of $11.79 and a 52-week high of $14.12. The business’s fifty day moving average price is $12.62 and its two-hundred day moving average price is $13.04.

First Trust Indxx Global Natural Resources Income ETF Increases Dividend

The company also recently declared a dividend, which was paid on Tuesday, December 31st. Investors of record on Friday, December 13th were paid a $0.1047 dividend. This is an increase from First Trust Indxx Global Natural Resources Income ETF’s previous dividend of $0.06. The ex-dividend date was Friday, December 13th.

Hedge Funds Weigh In On First Trust Indxx Global Natural Resources Income ETF

A number of hedge funds have recently bought and sold shares of FTRI. Focus Financial Network Inc. boosted its stake in First Trust Indxx Global Natural Resources Income ETF by 7.6% in the third quarter. Focus Financial Network Inc. now owns 15,912 shares of the company’s stock valued at $215,000 after acquiring an additional 1,127 shares during the period. Columbia Advisory Partners LLC boosted its stake in First Trust Indxx Global Natural Resources Income ETF by 6.6% in the fourth quarter. Columbia Advisory Partners LLC now owns 29,642 shares of the company’s stock valued at $356,000 after acquiring an additional 1,836 shares during the period. Cherry Creek Investment Advisors Inc. acquired a new position in First Trust Indxx Global Natural Resources Income ETF in the third quarter valued at approximately $195,000. Global Assets Advisory LLC acquired a new position in First Trust Indxx Global Natural Resources Income ETF in the third quarter valued at approximately $260,000. Finally, Flow Traders U.S. LLC acquired a new position in First Trust Indxx Global Natural Resources Income ETF in the third quarter valued at approximately $451,000.

First Trust Indxx Global Natural Resources Income ETF Company Profile

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.