Short Interest in First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Expands By 370.3%

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) saw a significant increase in short interest during the month of January. As of January 30th, there was short interest totaling 349,466 shares, an increase of 370.3% from the January 15th total of 74,311 shares. Approximately 1.0% of the shares of the stock are short sold. Based on an average trading volume of 260,908 shares, the short-interest ratio is presently 1.3 days. Based on an average trading volume of 260,908 shares, the short-interest ratio is presently 1.3 days. Approximately 1.0% of the shares of the stock are short sold.

Institutional Trading of First Trust Dow Jones Global Select Dividend Index Fund

Large investors have recently made changes to their positions in the stock. Raymond James Financial Inc. raised its stake in First Trust Dow Jones Global Select Dividend Index Fund by 428.3% in the 2nd quarter. Raymond James Financial Inc. now owns 1,163,034 shares of the company’s stock valued at $32,030,000 after purchasing an additional 942,903 shares during the last quarter. Ameriprise Financial Inc. raised its position in shares of First Trust Dow Jones Global Select Dividend Index Fund by 48.9% in the second quarter. Ameriprise Financial Inc. now owns 1,807,702 shares of the company’s stock valued at $49,794,000 after buying an additional 593,342 shares during the last quarter. FUKOKU MUTUAL LIFE INSURANCE Co lifted its stake in shares of First Trust Dow Jones Global Select Dividend Index Fund by 68.2% during the second quarter. FUKOKU MUTUAL LIFE INSURANCE Co now owns 1,063,000 shares of the company’s stock valued at $29,275,000 after buying an additional 431,000 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of First Trust Dow Jones Global Select Dividend Index Fund by 590.6% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 427,236 shares of the company’s stock valued at $12,932,000 after buying an additional 365,373 shares during the period. Finally, Jane Street Group LLC boosted its position in First Trust Dow Jones Global Select Dividend Index Fund by 3,856.3% during the second quarter. Jane Street Group LLC now owns 351,755 shares of the company’s stock worth $9,687,000 after acquiring an additional 342,864 shares during the last quarter.

First Trust Dow Jones Global Select Dividend Index Fund Price Performance

Shares of FGD opened at $33.22 on Wednesday. The firm has a 50 day simple moving average of $30.99 and a 200-day simple moving average of $29.72. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 9.79 and a beta of 0.76. First Trust Dow Jones Global Select Dividend Index Fund has a 1-year low of $21.60 and a 1-year high of $33.26.

About First Trust Dow Jones Global Select Dividend Index Fund

First Trust Dow Jones Global Select Dividend 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 Global Select Dividend Index (the Index). The Index is an indicated annual dividend yield weighted index of 100 stocks selected from the developed market portion of the Dow Jones World Index, subject to certain buffers designed to limit turnover. The Index universe is defined as all component companies of the 24 developed-market country indexes in the Dow Jones Global Indexes family.