First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) Sees Large Decrease in Short Interest

First Trust Dow Jones Global Select Dividend Index Fund (NYSEARCA:FGD) saw a large decrease in short interest in the month of July. As of July 15th, there was short interest totaling 58,707 shares, a decrease of 54.5% from the June 30th total of 129,059 shares. Based on an average daily trading volume, of 155,384 shares, the short-interest ratio is presently 0.4 days. Currently, 0.1% of the company’s shares are short sold.

Institutional Investors Weigh In On First Trust Dow Jones Global Select Dividend Index Fund

Several institutional investors have recently made changes to their positions in the company. Raymond James Financial Inc. boosted its stake in shares of First Trust Dow Jones Global Select Dividend Index Fund by 428.3% during the 2nd quarter. Raymond James Financial Inc. now owns 1,163,034 shares of the company’s stock worth $32,030,000 after purchasing an additional 942,903 shares during the period. Ameriprise Financial Inc. lifted its stake in 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 worth $49,794,000 after purchasing an additional 593,342 shares during the last quarter. Bank of America Corp DE boosted its position in shares of First Trust Dow Jones Global Select Dividend Index Fund by 68.3% during the first quarter. Bank of America Corp DE now owns 1,147,241 shares of the company’s stock valued at $36,631,000 after buying an additional 465,775 shares during the period. Wells Fargo & Company MN boosted its position in shares of First Trust Dow Jones Global Select Dividend Index Fund by 18.8% during the fourth quarter. Wells Fargo & Company MN now owns 2,671,359 shares of the company’s stock valued at $80,862,000 after buying an additional 423,527 shares during the period. Finally, Focus Financial Network Inc. purchased a new position in shares of First Trust Dow Jones Global Select Dividend Index Fund during the second quarter valued at approximately $12,466,000.

First Trust Dow Jones Global Select Dividend Index Fund Stock Up 0.6%

FGD traded up $0.21 during trading on Thursday, reaching $34.59. The company had a trading volume of 86,692 shares, compared to its average volume of 253,140. The business has a 50 day simple moving average of $33.35 and a 200-day simple moving average of $32.82. The stock has a market cap of $1.55 billion, a P/E ratio of 9.79 and a beta of 0.65. First Trust Dow Jones Global Select Dividend Index Fund has a 52 week low of $27.37 and a 52 week high of $34.65.

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.