Short Interest in First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Expands By 396.1%

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) saw a large growth in short interest in the month of February. As of February 13th, there was short interest totaling 1,401,761 shares, a growth of 396.1% from the January 29th total of 282,547 shares. Currently, 3.3% of the company’s shares are short sold. Based on an average daily volume of 718,602 shares, the days-to-cover ratio is presently 2.0 days. Based on an average daily volume of 718,602 shares, the days-to-cover ratio is presently 2.0 days. Currently, 3.3% of the company’s shares are short sold.

First Trust STOXX European Select Dividend Index Fund Price Performance

Shares of First Trust STOXX European Select Dividend Index Fund stock opened at $18.93 on Thursday. The stock’s 50-day moving average is $18.06 and its 200 day moving average is $16.90. First Trust STOXX European Select Dividend Index Fund has a one year low of $11.97 and a one year high of $18.94. The firm has a market cap of $802.63 million, a price-to-earnings ratio of 9.67 and a beta of 0.84.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. bought a new stake in First Trust STOXX European Select Dividend Index Fund in the second quarter valued at $28,000. Triumph Capital Management grew its stake in shares of First Trust STOXX European Select Dividend Index Fund by 280.0% in the 4th quarter. Triumph Capital Management now owns 1,900 shares of the company’s stock valued at $33,000 after buying an additional 1,400 shares during the period. Darwin Wealth Management LLC bought a new stake in First Trust STOXX European Select Dividend Index Fund in the 2nd quarter valued at about $34,000. Twin Peaks Wealth Advisors LLC acquired a new position in First Trust STOXX European Select Dividend Index Fund during the 2nd quarter worth approximately $68,000. Finally, N.E.W. Advisory Services LLC bought a new position in First Trust STOXX European Select Dividend Index Fund in the fourth quarter worth approximately $84,000.

About First Trust STOXX European Select Dividend Index Fund

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.