First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Short Interest Down 82.9% in February

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) was the target of a large drop in short interest during the month of February. As of February 27th, there was short interest totaling 240,388 shares, a drop of 82.9% from the February 12th total of 1,401,761 shares. Based on an average trading volume of 277,099 shares, the days-to-cover ratio is currently 0.9 days. Approximately 0.6% of the company’s shares are short sold. Approximately 0.6% of the company’s shares are short sold. Based on an average trading volume of 277,099 shares, the days-to-cover ratio is currently 0.9 days.

Hedge Funds Weigh In On First Trust STOXX European Select Dividend Index Fund

Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. purchased a new stake in shares of First Trust STOXX European Select Dividend Index Fund in the 2nd quarter valued at approximately $28,000. Triumph Capital Management raised its position in shares of First Trust STOXX European Select Dividend Index Fund by 280.0% during 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 purchased a new stake in shares of First Trust STOXX European Select Dividend Index Fund during the 2nd quarter valued at approximately $34,000. Twin Peaks Wealth Advisors LLC acquired a new position in First Trust STOXX European Select Dividend Index Fund in the second quarter valued at approximately $68,000. Finally, N.E.W. Advisory Services LLC acquired a new position in First Trust STOXX European Select Dividend Index Fund in the fourth quarter valued at approximately $84,000.

First Trust STOXX European Select Dividend Index Fund Stock Performance

Shares of NYSEARCA FDD traded up $0.04 during trading on Tuesday, hitting $17.77. 129,523 shares of the company were exchanged, compared to its average volume of 418,403. First Trust STOXX European Select Dividend Index Fund has a 12-month low of $11.97 and a 12-month high of $18.95. The company has a fifty day moving average price of $18.20 and a 200-day moving average price of $17.02. The firm has a market capitalization of $753.45 million, a PE ratio of 9.67 and a beta of 0.84.

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.