First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Short Interest Update

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) saw a large drop in short interest in January. As of January 15th, there was short interest totaling 79,889 shares, a drop of 75.9% from the December 31st total of 332,003 shares. Approximately 0.2% of the shares of the stock are short sold. Based on an average daily trading volume, of 319,006 shares, the short-interest ratio is presently 0.3 days. Based on an average daily trading volume, of 319,006 shares, the short-interest ratio is presently 0.3 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Investors Weigh In On First Trust STOXX European Select Dividend Index Fund

A number of institutional investors have recently made changes to their positions in FDD. Raymond James Financial Inc. raised its position in First Trust STOXX European Select Dividend Index Fund by 11.2% in the 3rd quarter. Raymond James Financial Inc. now owns 1,658,204 shares of the company’s stock worth $26,780,000 after purchasing an additional 166,647 shares during the period. UBS Group AG grew its stake in shares of First Trust STOXX European Select Dividend Index Fund by 40.4% during the third quarter. UBS Group AG now owns 1,621,452 shares of the company’s stock valued at $26,186,000 after buying an additional 466,815 shares during the last quarter. Manchester Financial Inc. increased its holdings in shares of First Trust STOXX European Select Dividend Index Fund by 3.6% in the third quarter. Manchester Financial Inc. now owns 1,431,781 shares of the company’s stock worth $23,123,000 after buying an additional 49,599 shares during the period. SMI Advisory Services LLC purchased a new position in shares of First Trust STOXX European Select Dividend Index Fund in the second quarter worth about $19,338,000. Finally, Ameriprise Financial Inc. lifted its stake in shares of First Trust STOXX European Select Dividend Index Fund by 83.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,191,190 shares of the company’s stock valued at $19,238,000 after acquiring an additional 541,016 shares during the last quarter.

First Trust STOXX European Select Dividend Index Fund Stock Performance

NYSEARCA:FDD traded up $0.21 during mid-day trading on Thursday, reaching $18.69. The stock had a trading volume of 362,149 shares, compared to its average volume of 332,782. The stock has a market capitalization of $786.85 million, a P/E ratio of 9.67 and a beta of 0.84. The firm has a 50 day moving average price of $17.34 and a two-hundred day moving average price of $16.50. First Trust STOXX European Select Dividend Index Fund has a one year low of $11.64 and a one year high of $18.77.

First Trust STOXX European Select Dividend Index Fund Company Profile

First Trust DJ STOXX Select Dividend 30 Index Fund (the Fund) is an exchange-traded fund. The Fund seeks investment results that correspond generally to the price and yield of an equity index called the Dow Jones STOXX Select Dividend 30 Index (the Index). The Index is a dividend weighted index of 30 stocks selected from the Dow Jones STOXX 600 Index, which includes high-dividend yielding companies across 18 European countries. The universe of stocks consists of dividend-paying companies in the Dow Jones STOXX 600 Index that have a positive five-year dividend-per-share growth rate and a dividend to earnings-per-share ratio of 60% or less.