First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) Sees Significant Drop in Short Interest

First Trust STOXX European Select Dividend Index Fund (NYSEARCA:FDD) was the recipient of a significant decrease in short interest in the month of September. As of September 15th, there was short interest totaling 23,604 shares, a decrease of 85.2% from the August 31st total of 159,974 shares. Based on an average trading volume of 144,134 shares, the short-interest ratio is currently 0.2 days. Approximately 0.1% of the shares of the stock are sold short.

First Trust STOXX European Select Dividend Index Fund Stock Performance

FDD traded up $0.14 on Friday, hitting $19.68. 41,018 shares of the company were exchanged, compared to its average volume of 218,292. First Trust STOXX European Select Dividend Index Fund has a fifty-two week low of $15.77 and a fifty-two week high of $20.80. The firm has a market capitalization of $904.39 million, a P/E ratio of 9.67 and a beta of 0.68. The business’s fifty day moving average is $20.19 and its 200 day moving average is $19.31.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in FDD. Envestnet Asset Management Inc. lifted its position in shares of First Trust STOXX European Select Dividend Index Fund by 5.1% in the second quarter. Envestnet Asset Management Inc. now owns 390,954 shares of the company’s stock valued at $7,252,000 after acquiring an additional 18,831 shares in the last quarter. Integrated Wealth Concepts LLC raised its holdings in First Trust STOXX European Select Dividend Index Fund by 7.2% in the 2nd quarter. Integrated Wealth Concepts LLC now owns 59,734 shares of the company’s stock valued at $1,108,000 after acquiring an additional 4,016 shares during the last quarter. NewEdge Advisors LLC lifted its stake in shares of First Trust STOXX European Select Dividend Index Fund by 21.2% during the 2nd quarter. NewEdge Advisors LLC now owns 206,138 shares of the company’s stock worth $3,824,000 after purchasing an additional 36,069 shares during the period. Baird Financial Group Inc. lifted its stake in shares of First Trust STOXX European Select Dividend Index Fund by 1.3% during the 2nd quarter. Baird Financial Group Inc. now owns 148,140 shares of the company’s stock worth $2,748,000 after purchasing an additional 1,946 shares during the period. Finally, Waverly Advisors LLC increased its stake in First Trust STOXX European Select Dividend Index Fund by 1.7% in the second quarter. Waverly Advisors LLC now owns 155,046 shares of the company’s stock valued at $2,876,000 after purchasing an additional 2,569 shares during the last quarter.

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.