First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) Sees Large Growth in Short Interest

First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) was the target of a large growth in short interest in the month of November. As of November 30th, there was short interest totalling 59,200 shares, a growth of 59,100.0% from the November 15th total of 100 shares. Based on an average trading volume of 55,600 shares, the days-to-cover ratio is presently 1.1 days.

First Trust Indxx Global Natural Resources Income ETF Stock Performance

NASDAQ FTRI traded up $0.08 during trading hours on Wednesday, hitting $13.02. The company had a trading volume of 18,410 shares, compared to its average volume of 76,751. The firm has a market capitalization of $130.20 million, a price-to-earnings ratio of 6.13 and a beta of 0.94. First Trust Indxx Global Natural Resources Income ETF has a 52 week low of $11.94 and a 52 week high of $14.12. The firm has a 50 day simple moving average of $13.21 and a 200 day simple moving average of $13.23.

First Trust Indxx Global Natural Resources Income ETF Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Thursday, September 26th were given a $0.1605 dividend. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 4.93%.

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

Several hedge funds have recently bought and sold shares of FTRI. Flow Traders U.S. LLC purchased a new stake in shares of First Trust Indxx Global Natural Resources Income ETF in the 3rd quarter valued at about $451,000. CreativeOne Wealth LLC purchased a new stake in First Trust Indxx Global Natural Resources Income ETF in the third quarter valued at approximately $621,000. Focus Financial Network Inc. lifted its position in First Trust Indxx Global Natural Resources Income ETF by 7.6% during the third quarter. Focus Financial Network Inc. now owns 15,912 shares of the company’s stock valued at $215,000 after purchasing an additional 1,127 shares during the last quarter. Global Assets Advisory LLC purchased a new position in First Trust Indxx Global Natural Resources Income ETF in the 3rd quarter worth approximately $260,000. Finally, Cherry Creek Investment Advisors Inc. purchased a new position in First Trust Indxx Global Natural Resources Income ETF in the 3rd quarter worth approximately $195,000.

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.