The First Trust Indxx Global Natural Resources Income ETF (NASDAQ:FTRI) experienced a significant decline in short interest during January 2024. As of January 30, the total short interest dropped to **56,417 shares**, representing a **51.4% decrease** from **116,060 shares** reported on January 15. This shift reflects a short-interest ratio of **0.7 days**, based on an average daily trading volume of **80,990 shares**. Currently, approximately **0.8%** of the ETF’s shares are short sold.
Institutional Investors Adjust Holdings
Recent activity among institutional investors indicates growing interest in the ETF. For instance, **Benjamin Edwards Inc.** acquired a new position in the First Trust Indxx Global Natural Resources Income ETF during the third quarter, investing approximately **$1.625 million**. Meanwhile, **Bank of America Corp DE** increased its stake by **86.2%** during the same period, now holding **196,911 shares** valued at around **$2.992 million** after acquiring an additional **91,175 shares**.
US Bancorp DE also made a notable adjustment, lifting its holdings by a staggering **12,108.5%** during the third quarter. It now owns **65,926 shares** worth **$1.002 million** following an additional purchase of **65,386 shares** in the last quarter. **Flow Traders U.S. LLC** similarly boosted its holdings by **65.6%**, now possessing **142,937 shares** valued at **$2.172 million** after acquiring **56,640 shares**.
Additionally, **Security National Bank** increased its position by **10,845.2%** in the fourth quarter, bringing its total to **43,343 shares** valued at **$679,000** after purchasing an extra **42,947 shares**.
Stock Performance and Market Overview
On January 30, 2024, the First Trust Indxx Global Natural Resources Income ETF traded up by **$0.21**, reaching a price of **$18.20**. The trading volume recorded was **40,804 shares**, compared to an average volume of **66,383**. The ETF holds a market capitalization of **$124.67 million** with a price-to-earnings (PE) ratio of **15.66** and a beta of **0.79**. Over the past year, the ETF has seen a low of **$11.39** and a high of **$18.48**. Its 50-day moving average stands at **$16.63**, while the 200-day moving average is **$15.54**.
The First Trust Indxx Global Natural Resources Income ETF aims to track the performance of an index focused on global natural resources. Investors may find its recent performance and adjustments from institutional investors noteworthy as they consider their own investment strategies in the sector.
